AltaGas Ltd. (ALA-T 34.91 0.01 0.03%) said it will buy U.S. power company Blythe Energy LLC for $515 million US to take control of a power plant that runs on cheaper and cleaner natural gas.
AltaGas, which is involved in energy services, power generation and natural gas extraction and transmission, said the acquisition will help it meet increasing demand for power generated from cleaner sources.
http://www.bnn.ca/News/2013/3/25/AltaGas-to-buy-Blythe-Energy-for-515M.aspx#.UVGmZrJJd2E.facebook
