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BRIEF-Capital Power acquires 294 megawatts of fully contracted power facilities in Ontario and British Columbia

Published 2017-02-21, 08:25 a/m
© Reuters. BRIEF-Capital Power acquires 294 megawatts of fully contracted power facilities in Ontario and British Columbia
CPX
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Feb 21 (Reuters) - Capital Power Corp CPX.TO

* Capital Power acquires 294 megawatts of fully contracted power facilities in Ontario and British Columbia

* Capital Power Corp says $500 million acquisition immediately accretive to adjusted funds from operations, and earnings

* Sees 2017 facility operating and maintenance expense of $205 million to $230 million

* Sees 2017 AFFO of $320 million to $365 million

* Capital Power Corp says acquisition is expected to be accretive to earnings by 11 cents per share during its first full year of operations

* Capital Power Corp says acquisition is expected to increase adjusted funds from operations (AFFO) by an estimated $24 million in first full year of operations

* Capital Power Corp says capital power expects to finance transaction through existing cash and its credit facilities Source text for Eikon: ID:nCCN4y8tJK Further company coverage: CPX.TO

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