Capital Power Corporation

Capital Power declares dividends for its Common and Preference shares

Retrieved on: 
Tuesday, February 27, 2024

The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act.

Key Points: 
  • The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act.
  • Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.
  • In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America.
  • We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.

Capital Power completes acquisition of the 1,092-MW Harquahala natural gas generation facility in Arizona

Retrieved on: 
Friday, February 16, 2024

EDMONTON, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) is pleased to announce the closing today of the acquisition by a 50/50 partnership between Capital Power Investments, LLC and an affiliate of a fund managed by BlackRock’s Diversified Infrastructure business (“BlackRock”) of 100% of the equity interests in New Harquahala Generating Company, LLC (the “Harquahala Acquisition”) which owns the 1,092 MW Harquahala natural gas-fired generation facility in Arizona.

Key Points: 
  • EDMONTON, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) is pleased to announce the closing today of the acquisition by a 50/50 partnership between Capital Power Investments, LLC and an affiliate of a fund managed by BlackRock’s Diversified Infrastructure business (“BlackRock”) of 100% of the equity interests in New Harquahala Generating Company, LLC (the “Harquahala Acquisition”) which owns the 1,092 MW Harquahala natural gas-fired generation facility in Arizona.
  • The Harquahala Acquisition and the acquisition of the 1,062 MW La Paloma natural gas-fired generation facility in California were previously announced on November 20, 2023.
  • The net purchase price for the two acquisitions attributable to Capital Power is US$1.1 billion, subject to working capital adjustments.
  • Capital Power will be responsible for the operation, maintenance and asset management of the facilities relating to the Acquisitions and will receive an annual management fee for the Harquahala facility.

Capital Power completes acquisition of the La Paloma facility, anticipates closing the Harquahala facility acquisition mid-February and exchanges subscription receipts into common shares

Retrieved on: 
Friday, February 9, 2024

EDMONTON, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) is pleased to announce the closing today of the acquisition of 100% of the equity interests in CXA La Paloma, LLC (“La Paloma”), owner of the 1,062 MW La Paloma natural gas-fired generation facility in Kern County, California (the “La Paloma Acquisition”).

Key Points: 
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • The forward-looking information or statements are provided to inform the Company’s shareholders and potential investors about management’s assessment of Capital Power’s future plans and operations.
  • Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the specified approval date.
  • We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.

Capital Power to release fourth quarter 2023 results and 2023 Integrated Annual Report on February 28

Retrieved on: 
Wednesday, January 31, 2024

EDMONTON, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) will release its fourth quarter and year-end 2023 results and 2023 Integrated Annual Report (IAR) before the markets open on February 28, 2024.

Key Points: 
  • EDMONTON, Alberta, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) will release its fourth quarter and year-end 2023 results and 2023 Integrated Annual Report (IAR) before the markets open on February 28, 2024.
  • Management will host a conference call with analysts on the same day at 9:00 a.m. MST (11:00 a.m. EST) to discuss its fourth quarter and year-end operating and financial results.
  • In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America.
  • We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.

Capital Power hosts 2024 guidance webcast on January 16

Retrieved on: 
Monday, January 15, 2024

EDMONTON, Alberta, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) will host a webcast to share its 2024 guidance, including its corporate priorities, targets and assumptions for the year.

Key Points: 
  • EDMONTON, Alberta, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) will host a webcast to share its 2024 guidance, including its corporate priorities, targets and assumptions for the year.
  • Management will host the webcast at 2:30 p.m. MST (4:30 p.m. EST) on Tuesday, January 16.
  • In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America.
  • Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 Territory and Métis Nation of Alberta Region 4.

Capital Power and Ontario Power Generation partner to advance new nuclear in Alberta

Retrieved on: 
Monday, January 15, 2024

EDMONTON, Alberta, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) and Ontario Power Generation (“OPG”) have entered into an agreement to jointly assess the development and deployment of grid-scale small modular reactors (SMRs) to provide clean, reliable nuclear energy for Alberta.

Key Points: 
  • EDMONTON, Alberta, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) and Ontario Power Generation (“OPG”) have entered into an agreement to jointly assess the development and deployment of grid-scale small modular reactors (SMRs) to provide clean, reliable nuclear energy for Alberta.
  • Capital Power and OPG will complete the feasibility assessment within two years, while continuing to work on the next stages of SMR development.
  • OPG is building North America’s first fleet of SMRs at its Darlington New Nuclear site in Ontario.
  • The governments of Alberta, Ontario, Saskatchewan, and New Brunswick jointly released a Strategic Plan in 2022 for the deployment of SMRs.

MEDIA ADVISORY - Capital Power and Ontario Power Generation (OPG) Joint Announcement

Retrieved on: 
Friday, January 12, 2024

EDMONTON, Alberta, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Media are invited to join Capital Power and Ontario Power Generation (OPG) for an important announcement on meeting Alberta’s future clean energy demand.

Key Points: 
  • EDMONTON, Alberta, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Media are invited to join Capital Power and Ontario Power Generation (OPG) for an important announcement on meeting Alberta’s future clean energy demand.
  • The announcement will include remarks from the speakers listed below followed by a Q&A.
  • For follow-up interviews with Capital Power or OPG, please contact the company representative listed below.
  • Guests can park in the ICE DISTRICT / LOBLAWS (lot 56) parking lot located directly under the JW Marriott hotel and Stantec tower.

Capital Power completes acquisition of 50.15% interest in the Frederickson 1 Generating Station

Retrieved on: 
Thursday, December 28, 2023

EDMONTON, Alberta, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) successfully completed the acquisition of a 50.15% interest in the Frederickson 1 Generating Station (“Frederickson 1” or the “Facility”), a 265-megawatt (MW) natural gas-fired combined-cycle generation facility in Pierce County, Washington.

Key Points: 
  • EDMONTON, Alberta, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) successfully completed the acquisition of a 50.15% interest in the Frederickson 1 Generating Station (“Frederickson 1” or the “Facility”), a 265-megawatt (MW) natural gas-fired combined-cycle generation facility in Pierce County, Washington.
  • The facility was acquired from Atlantic Power & Utilities for US$97.5 million, subject to working capital adjustments.
  • Capital Power financed the transaction using cash on hand and its credit facilities.
  • As part of the ownership agreement with PSE, Capital Power will operate and maintain the facility and will receive an annual management fee under the operating arrangement with PSE.

Capital Power announces conversion results for its Preferred Shares (Series 3)

Retrieved on: 
Tuesday, December 19, 2023

EDMONTON, Alberta, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) announced today that after having taken into account all Election Notices following the December 18, 2023 conversion deadline, in respect of the Cumulative Rate Reset Preference Shares, Series 3 (Series 3 Shares) tendered for conversion into Cumulative Floating Rate Preference Shares, Series 4 (Series 4 Shares), the holders of Series 3 Shares were not entitled to convert their shares.

Key Points: 
  • EDMONTON, Alberta, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) announced today that after having taken into account all Election Notices following the December 18, 2023 conversion deadline, in respect of the Cumulative Rate Reset Preference Shares, Series 3 (Series 3 Shares) tendered for conversion into Cumulative Floating Rate Preference Shares, Series 4 (Series 4 Shares), the holders of Series 3 Shares were not entitled to convert their shares.
  • There were approximately 7,157 Series 3 Shares tendered for conversion, which was less than the one million shares required for conversion into Series 4 Shares.
  • There are 6,000,000 Series 3 Shares listed on the Toronto Stock Exchange (TSX) under the symbol CPX.PR.C.
  • In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America.

Capital Power provides notice of Preferred Shares (Series 3) conversion privilege and dividend rate notice

Retrieved on: 
Friday, December 1, 2023

EDMONTON, Alberta, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) announced today that it has notified registered shareholders of its Cumulative Rate Reset Preference Shares, Series 3 (Series 3 Shares) (TSX: CPX.PR.C) of the Conversion Privilege and Dividend Rate Notice.

Key Points: 
  • EDMONTON, Alberta, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) announced today that it has notified registered shareholders of its Cumulative Rate Reset Preference Shares, Series 3 (Series 3 Shares) (TSX: CPX.PR.C) of the Conversion Privilege and Dividend Rate Notice.
  • If Capital Power does not receive an Election Notice from a holder of Series 3 Shares during the time fixed therefor, then the Series 3 Shares shall be deemed not to have been converted (except in the case of an Automatic Conversion, see below).
  • Holders of the Series 3 Shares and the Series 4 Shares will have the opportunity to convert their shares again on December 31, 2028, and every five years thereafter as long as the shares remain outstanding.
  • The Toronto Stock Exchange (TSX) has conditionally approved the listing of the Series 4 Shares effective upon conversion.