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31 July 2006 -- Canadian energy company EPCOR Power L.P. announced that it expects to complete its acquisition from EPCOR Utilities Inc., and its wholly owned subsidiaries, of a 100 percent interest in Frederickson Power L.P. (FPLP) on August 1.
FPLP owns a 50.15 percent interest in the Frederickson power facility, a 249 MW (nominal) single unit, natural gas-fired combined cycle generating facility, with an additional duct firing capability of 20 MW, located in Pierce County, Washington State, U.S.
The purchase price of the acquisition was financed in part with an issuance of 2,460,000 Subscription Receipts, for aggregate proceeds of $82,041,000.
About EPCOR Power L.P.
Established in 1997, EPCOR Power L.P. is a limited partnership organized under the laws of the Province of Ontario. The Partnership owns and operates a portfolio of 11 power generation assets in Canada and the United States with total net generating capacity of 744 MW.
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