Brascan acquires generating.

• Position: Around: The North - Brascan Power - Brief Article

Brascan Power, the energy subsidiary of the Brascan Corp. conglomerate, announced earlier this month it is prepared to pay $30 million in cash to purchase the remaining 50 per cent of the Lake Superiro power generating plant in Sault Ste. Marie. The company will assume $35 million in debt to purchase the plant, once it gets required regulatory approvals. The deal facilitates the company's growth strategy of investing in high-quality, low-cost generating assets, and diversifies its power base...