The Financial Post reports in its Wednesday, Nov. 22, edition that Capital Power says it has signed a pair of deals with CSG Investments, a subsidiary of Beal Financial Corp., to buy two natural gas power plants in the United States for a total of $1.1-billion (U.S.). A Canadian Press dispatch to the Post reports that under the first deal, the Edmonton-based company will acquire CXA La Paloma, which owns the La Paloma natural gas-fired generation facility in Kern County, California. The second agreement will see Capital Power form a 50-50 partnership with an affiliate of a fund managed by Blackrock's Diversified Infrastructure business to buy New Harquahala Generation Co. LLC, which owns the Harquahala natural gas-fired generation facility in Maricopa County, Arizona. The acquisitions are both expected to close in the first quarter of 2024, subject to approvals and other customary closing conditions. To help finance the acquisitions, Capital Power says it is raising $400-million (Canadian), including $100-million (Canadian) from Alberta Investment Management Corp.