natural gas plant sold

Capital Power Corp. has agreed to buy privately held natural gas utility company Bridgeport Energy LLC, which owns the Bridgeport Energy facility, for $355 million. Bridgeport Energy is a 520 MW natural gas-fired combined-cycle power plant in Connecticut.

In February, Edmonton-based Capital Power bought two generating facilities from U.S.-based Brick Power Holdings for about $315 million. The three power plants will add more than 1,000 MW of combined-cycle natural gas fired generation capacity to Captial Power's fleet.

The company said it will use debt and equity to finance both the deals.

Read more merger and acquisition news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...