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Capital Power ditches agreement to buy output of Sundance C coal-fired plant

2016-03-24 16:44:24| Oil & Gas - Topix.net

Capital Power Corp. is terminating an agreement to buy electricity from the Sundance C coal-fired power plant west of Edmonton in response to a change in provincial regulations that took effect this year. The Edmonton-based company says it expects to record a non-cash writeoff of the power agreement's value, amounting to $53 million before taxes and $46 milion after taxes.

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