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Capital Power focused on closing $3-billion U.S. power plant deal

Lauren Krugel - The Canadian Press May 06, 2025 3 min read
Building.ca
Capital Power focused on closing $3-billion U.S. power plant deal
AI Article Summary

Capital Power Corp. is focused on integrating two newly acquired U.S. natural gas power plants after purchasing the Hummel power station in Pennsylvania and the Rolling Hills station in Ohio for $3 billion. The acquisition allows the company to enter the Pennsylvania-New Jersey-Maryland Interconnection market, a significant U.S. power market. CEO Avik Dey emphasized the importance of natural gas power generation, particularly with the rising demand from AI data centers. Although Capital Power's profits fell in Q1 2025, it sees long-term growth in the natural gas sector.