Canadian Utilities sold its Canadian power business to Energy Capital Partners for $835m.

Canadian Utilities, a Canada-based worldwide utilities organization, sold its Canadian power business to Energy Capital Partners, a private equity and credit investor, for $835m. The agreement includes 11 partly or fully owned natural gas-fired and coal-fired electricity generation assets located in Alberta, British Columbia, and Ontario, with a combined generating capacity of approximately 2,100 megawatts. “We are impressed by the portfolio’s high-quality assets and strong operating history. We look forward to partnering with the portfolio’s talented management team and employees and to continuing to provide a high level of service to the portfolio’s offtakers and customers,” said Tyler Reeder, Managing Partner, Energy Capital Partners.