10 Aug '18, 3pm

Ontario Power Generation Agrees to Acquire Eagle Creek Renewable Energy

Eagle Creek is a privately owned entity with its largest investors being Power Energy Eagle Creek (“PEEC”) and Hudson Clean Energy Partners. PEEC is a joint venture between a wholly owned subsidiary of Power Corporation of Canada and Claridge Inc. According to OPG, Eagle Creek, headquartered in Morristown New Jersey, owns 63 small hydropower facilities providing 216 MW of in-service capacity. For comparison, OPG’s 66 Ontario hydropower facilities provide an in-service capacity of 7,468 MW. Eagle Creek facilities are located in California, Colorado, Minnesota, Wisconsin, Michigan, Illinois, Maine, Massachusetts, New York, New Jersey, New Hampshire, Vermont, and Virginia. This investment on behalf of Ontarians will be financed through OPG’s corporate public debt program or other available credit facilities. No taxpayer dollars will be used to fund this acquisition. BMO Capit...

Full article: https://www.renewableenergymagazine.com/small_hydro/ontar...

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