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United States: Algonquin to buy hydro-power assets from Integrys.
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November 12, 2009
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COPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Byline: prashant03
Algonquin Power and Utilities Corp (AQN.TO) said it agreed with Integrys Energy Services Inc (TEG.N) to buy certain power generation assets in New Brunswick and Maine.
The company said it will buy three hydroelectric generating stations, including the 34.5 MW Tinker Hydroelectric station located on the Aroostook River near the Town of Perth-Andover, New Brunswick.
It will also buy five legacy thermal stations and certain transmission lines near the generating facilities, it said in a statement.
The company, which ...
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