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Capital Power to sell 3 American plants, focus on Alberta

from CBC News

Capital Power is selling three New England power plants to Emera for $541 million as it shifts its focus away from the U.S. merchant power business and toward the stronger Alberta market. "Our re-focusing reflects the fact that North American power markets have evolved over the past several years," said CEO Brian Vaasjo in a release. "Capital Power can now pursue higher value investment opportunities in the fast-growing Alberta market." more

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