Brookfield Power Inc. (BPI) and its former wholly owned subsidiary, Brookfield Power Corp. (BPC), have amalgamated into one entity to become Brookfield Renewable Power Inc. The amalgamated entity assumed, by operation of law, all of BPI's and BPC's existing obligations, including any outstanding public indebtedness.
‘These changes reflect a simplified and focused corporate structure highlighting the company's strengths and strategic direction as a leading renewable energy company,’ says Richard Legault, president and co-CEO of Brookfield Renewable Power. ‘Our new name reflects our commitment to environmentally responsible power generation and development. We look forward to building on more than a century of operating experience in North America and Brazil and expanding our international renewable energy platform.’