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BRIEF-Capital Power says reaches agreement on two issues with Government of Alberta

Published 11/24/2016, 06:36 PM
Updated 11/24/2016, 06:40 PM
© Reuters.  BRIEF-Capital Power says reaches agreement on two issues with Government of Alberta
CPX
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Nov 24 (Reuters) - Capital Power Corp CPX.TO

* Capital power -says as compensation for capital invested in coal assets, co will receive cash payments from province of $52.4 million annually for 14 years

* government of alberta also agreed to discontinue its legal action against capital power

* government of alberta to arrange for balancing pool to accept co's termination of role as buyer of sundance c power purchase deal

* Capital power - in consideration of actions, co & syndicate partners agreed to pay balancing pool $39 million, of which capital power's portion is $20 million

* Capital power reaches agreement on two issues with the government of alberta Source text for Eikon: ID:nCCNbvYZPd Further company coverage: CPX.TO

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