Deal snapshot: ATLANTIC POWER TO SELL MANCHIEF POWER PLANT FOR USD 45.2M.
MANews-(C)2009-2019
US-based utility operator Atlantic Power Corp. (NYSE: AT) (TSX: ATP) has executed an agreement to sell its Manchief power plant to Public Service Co. of Colorado for USD 45.2m, the company said. PSCo, a subsidiary of Xcel Energy, Inc. (NASDAQ: XEL), is the current customer under the Manchief Power Purchase Agreement.
Closing of the sale is expected to occur in May 2022, following the expiration of the PPA. Manchief is an approximately 300mw gas-fired peaking facility that entered commercial operation in July 2000. The plant is dispatchable by the customer under the terms of the PPA.
Country: USA
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