BRIEF-Capital power terminates Sundance C power purchase arrangement

Thu Mar 24, 2016 9:14am EDT
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March 24 (Reuters) - Capital Power Corporation

* Giving notice of intent to terminate its role as buyer of Sundance C power purchase arrangement effective March 24, 2016

* Between now and 2020 termination is expected to have a positive impact on company's EBITDA

* Expects to record a non-cash charge of approximately $53 million on a pre-tax basis, or about $46 million after tax Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)