2 Nov 2023
TransAlta to purchase Alberta-based Heartland Generation for $658 million
TransAlta Corp. has entered into an agreement to acquire Energy Capital Partners affiliate, Heartland Generation Ltd., and its power generation business in Alberta and British Columbia for a total of $658 million, which includes the assumed debt.
As per the terms of the deal, Energy Capital Partners will receive $390 million, and TransAlta will take on $268 million in debt.
The deal is expected to close in the first half of 2024.
