Capital Power to acquire Hummel Station and Rolling Hills Generating for $2.2bn.

Capital Power, a growth-oriented North American power producer, agreed to acquire Hummel Station, a combined-cycle natural gas facility in Shamokin Dam, Pennsylvania, and Rolling Hills Generating, a combustion turbine natural gas facility in Wilkesville, Ohio, for $2.2bn. “Capital Power’s acquisition of Hummel and Rolling Hills expands our US generation fleet and advances our position as a leading North American power producer. With our expansion into the largest and most liquid power market in North America, we continue to deliver on our strategy. These plants will bolster our Flexible Generation portfolio and align with our commitment to provide reliable, affordable power solutions that support a balanced approach to the energy expansion. As a leading operator in North America, our ability to integrate these assets, optimize performance and enhance returns through our robust trading platform underpins the long-term value we expect these acquisitions will provide for our shareholders,” Avik Dey, Capital Power President and CEO.