- Atlantic Power (NYSE:AT-OLD) agrees to acquire Covanta's (CVA) 50% interest in Koma Kulshan, a 13 MW run-of-the-river hydro project located north of Seattle, for $11.8M and will become the project's 100% owner and operator.
- Koma Kulshan has been in commercial operation since 1990, and all output is sold to Puget Sound Energy under a power purchase agreement that runs through March 2037.
- "This is an important milestone for Atlantic Power as it marks the first external growth investment after a three-year business restructuring process," says AT President and CEO James Moore Jr.