February 21, 2017 / 1:26 PM / 7 months ago

BRIEF-Capital Power acquires 294 megawatts of fully contracted power facilities in Ontario and British Columbia

Feb 21 (Reuters) - Capital Power Corp

* Capital Power acquires 294 megawatts of fully contracted power facilities in Ontario and British Columbia

* Capital Power Corp says $500 million acquisition immediately accretive to adjusted funds from operations, and earnings

* Sees 2017 facility operating and maintenance expense of $205 million to $230 million

* Sees 2017 AFFO of $320 million to $365 million

* Capital Power Corp says acquisition is expected to be accretive to earnings by 11 cents per share during its first full year of operations

* Capital Power Corp says acquisition is expected to increase adjusted funds from operations (AFFO) by an estimated $24 million in first full year of operations

* Capital Power Corp says capital power expects to finance transaction through existing cash and its credit facilities Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below