SaskPower buys remaining stake in Cory cogeneration Station for $120M

Source: CBC News, May 27, 2019 

Crown utility says it should be able to recoup the cost of the sale within 10 years

SaskPower is now the sole owner of the Cory cogeneration Station near Saskatoon.

The province’s Crown corporation had been a half-owner but bought the remaining 50 per cent from its Atco Ltd.partner for $120 million on Monday.

The deal was part of a larger sale by Canadian Utilities Ltd. (CUL), which is 52 per cent owned by holding company Atco.

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