Water Plant News

water
Apr 16, 2025
Article Source LogoNS Energy
NS Energy

Capital Power, through its indirect wholly-owned subsidiary, has agreed to acquire two natural gas facilities from subsidiaries of LS Power Equity Advisors for $2.2bn.

The transaction includes the acquisition of all equity interests in Hummel Station, which operates the 1,124MW Hummel Station in Shamokin Dam, Pennsylvania, and Rolling Hills Generating, which owns the 1,023MW Rolling Hills plant in Wilkesville, Ohio.

The acquisition is scheduled to be finalised in the third quarter of 2025, contingent on regulatory approvals and other customary closing conditions.

Upon completion, Capital Power will emerge as one of the top five independent power producers in North America, boasting over 10 GW of natural gas capacity.

This move aligns with Capital Power’s strategy to expand its portfolio of Flexible Generation assets and strengthen its presence in the US and PJM market.

Capital Power intends to utilise its expertise in plant operations and power trading to maximise the commercial potential of these assets, contributing to long-term value within its broader operational fleet.

The company anticipates the acquisition will generate an average annual Adjusted EBITDA of approximately $443m from 2026 to 2030.

Additionally, it expects the acquisition to enhance AFFO per share by approximately 17-19% over the same period, surpassing the accretion levels of previous gas acquisitions.

Capital Power president and CEO Avik Dey said: “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.”

Dey added: “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, optimise performance and enhance returns through our robust trading platform underpins the long-term value we expect these acquisitions will provide for our shareholders.”

Evercore is serving as the sole M&A financial advisor to Capital Power, with TD Securities providing financial advice and Simpson Thacher & Bartlett acting as legal advisor for the acquisition.

Give your business an edge with our leading industry insights.

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Water Related News You might want to check out

View by
Melbourne Businesses Save Seventy Million Litres Through Smart Water Monitoring
Melbourne Businesses Save Seventy Million Litres Through Smart Water Monitoring
Water waste water asia
12 December 2025
water
Waterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project Underway
Waterline Breaks Force Overnight Closure At Grand Canyon; $208 Million Replacement Project Underway
Underground Infrasturcture
05 December 2025
water
Thames Water Gets Go-Ahead From Creditors To Access Further Funding From £1.5 Billion Facility
Thames Water Gets Go-Ahead From Creditors To Access Further Funding From £1.5 Billion Facility
Water Briefing
25 November 2025
water
New Report From Nhbc Foundation Projects Five Billion Litre Potable Water Shortfall In Uk By 2050
New Report From Nhbc Foundation Projects Five Billion Litre Potable Water Shortfall In Uk By 2050
Water Briefing
25 November 2025
water
Dŵr Cymru Welsh Water Set To Invest £665 Million In 2025/26
Dŵr Cymru Welsh Water Set To Invest £665 Million In 2025/26
Water Briefing
21 November 2025
water
California Groundwater Agency Seeks $5 Million In Federal Funding For 50-Mile Pipeline Project
California Groundwater Agency Seeks $5 Million In Federal Funding For 50-Mile Pipeline Project
Underground Infrasturcture
21 November 2025
water
Severn Trent Engages Market On £200M Northern Section Of Ambitious Water Transfer Project
Severn Trent Engages Market On £200M Northern Section Of Ambitious Water Transfer Project
New Civil Engineer- Water
18 November 2025
water
Severn Trent Invites Suppliers To Register For Deep Dive Sessions For Upcoming £200 Million Sro Minworth (Northern Section) Procurement
Severn Trent Invites Suppliers To Register For Deep Dive Sessions For Upcoming £200 Million Sro Minworth (Northern Section) Procurement
Water Briefing
14 November 2025
water
Thames Water Issues Fifth Consent Requests To Access Further Funding From £1.5 Billion Facility
Thames Water Issues Fifth Consent Requests To Access Further Funding From £1.5 Billion Facility
Water Briefing
12 November 2025
water
Welsh Water Announces Market Engagement Activities For £667 Million Design-Build-Finance Cwm Taf Scheme
Welsh Water Announces Market Engagement Activities For £667 Million Design-Build-Finance Cwm Taf Scheme
Water Briefing
12 November 2025
water
California City To Replace 5.5 Miles Of Downtown Water, Sewer Mains In Phase Ii
California City To Replace 5.5 Miles Of Downtown Water, Sewer Mains In Phase Ii
Underground Infrasturcture
12 November 2025
water
Welsh Water Opens Market Engagement For Partners On £556M Cwm Taf Infrastructure Upgrades
Welsh Water Opens Market Engagement For Partners On £556M Cwm Taf Infrastructure Upgrades
New Civil Engineer- Water
12 November 2025
water