Business
Capital Power Income L.P. and Capital Power Corporation to review strategic alternatives for CPILP
Capital Power Income L.P. and Capital Power Corporation to review strategic alternatives for CPILP
About this update from Capital Power Corporation
[{"type":"text","content":"\n\n\n\n Oct. 5, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n EDMONTON, Oct 5 /CNW/ - Capital Power Income L.P. (TSX: CPA.UN) ("CPILP"\n or the "Partnership"), and Capital Power Corporation (TSX: CPX) ("CPC,"\n "Capital Power," or the "Company"), today jointly announced that CPILP\n will initiate a process to review its strategic alternatives.\n \n\n This decision is the result of strategic review processes, undertaken by\n each of a Special Committee of CPILP Independent Directors and CPC, to\n explore alternatives for maximizing value for CPILP unitholders and CPC\n shareholders, respectively.\n \n\n CPILP has retained independent legal and financial advisors to assist\n with the process. CPC has advised the Special Committee that it will\n support the review of strategic alternatives, and that if the process\n results in a determination to proceed with a sale of the Partnership,\n CPC does not intend to participate as a prospective buyer.\n \n\n The initiation of the strategic review is not in response to any\n proposed transaction for CPILP, nor can there be any assurances that it\n will lead to a transaction.\n \n\n The process to review strategic alternatives is anticipated to take\n place over the next several months. During this period it will be\n business as usual for CPILP and CPC and it is anticipated that CPILP\n will continue to provide the same amount of monthly distributions to its\n unitholders, and maintain...