Capital Power Corporation

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Capital Power Corporation
Type Public
Traded as TSXCPX
Industry Power Generation
Headquarters Edmonton, Alberta, Canada
Area served North America
Services Electricity
Revenue Increase CAD$ 10.02 billion
Operating income Increase CAD$ 3.07 billion
Net income Increase CAD$ 4.02 billion
Total assets Increase CAD$ 2.07 billion
Employees 939 (2012)[1]
Website www.capitalpower.com

Capital Power Corporation is an independent power-generation company based in Edmonton, Alberta, Canada. Capital Power develops, acquires, and operates power generation from a variety of energy sources. Capital Power owns more than 3,600 megawatts of power generation capacity at 16 facilities across North America.[2]

History[edit]

The company history dates back to Edmonton Electric Lighting and Power Company formed in 1891. Previously named Edmonton Power, then EPCOR Generation (a division of EPCOR Utilities), Capital Power Corporation was created through issuance of a 25% IPO by EPCOR Utilities in 2009 and has assets in Alberta, British Columbia, Ontario and the United States.

The decision to split EPCOR Utilities into two separate companies (one publicly owned by the sole shareholder, City of Edmonton) was made at a special meeting of Edmonton City Council held on April 17, 2009.

The creation of Capital Power Corporation and the transfer of assets from the City of Edmonton-owned utility EPCOR resulted in debate by local citizens group "Our Power".[3]

Capital Power and Capital Power Income L.P.
As of its Initial Public Offering in 2009, Capital Power L.P. held a 49% voting interest and 100% economic interest in CPI Investments Inc., a holding company owning approximately 29.6% of the limited partnership units of Capital Power Income L.P.(CPILP), and 100% of the shares of the general partner of CPILP.[4] CPILP held ownership interests in 21 power generation assets in Canada and the United States.[5]

On November 7, 2011, Atlantic Power Corporation acquired Capital Power Income L.P (CPILP).[6] As part of the arrangement, Capital Power acquired CPILP's Roxboro and Southport plants in North Carolina.[7]

Facilities[edit]

Alberta[edit]

  • Genesee Generating Station - Warburg, AB
  • Clover Bar Energy Centre - Edmonton, AB
  • Clover Bar Landfill Gas Plant - Edmonton, AB
  • Halkirk Wind Project - Halkirk, AB[8]

British Columbia[edit]

  • Island Generating Station - Campbell River, BC
  • Miller Creek - Pemberton, BC
  • Brown Lake - Prince Rupert, BC
  • Quality Wind - Tumbler Ridge, BC[9]

Ontario[edit]

Kingsbridge Wind Power Project - Goderich, ON

United States[edit]

Economic interests in Facilities[edit]

  • Capital Power has economic interests in the following facilities, which are operated by other entities:
  • Joffre - Red Deer, AB
  • Keephills 3 - Wabamun, AB

Projects in Development or Construction[edit]

K2 Wind Ontario[edit]

Capital Power, in a limited partnership with Samsung Renewable Energy Inc., and Pattern Renewable Holdings Canada ULC, is proposing a wind project for the Township of Ashfield-Colborne-Wawanosh.[10]

Alberta[edit]

Capital Power Energy Centre[edit]

Capital Power is planning to develop the new natural gas-powered Capital Power Energy Centre in Alberta.[11]

Shepard Energy[edit]

In December 2012, Capital Power entered into a joint-venture agreement with ENMAX Corporation to build, own, and operate the natural gas-powered Shepard Energy Centre in Calgary, Alberta.[12]

See also[edit]

References[edit]

  1. ^ http://www.capitalpower.com/InvestorRelations/FinancialReporting/Documents/2012/2012-CPC-annual-information-form.pdf.  Missing or empty |title= (help)
  2. ^ "Capital Power announces closing of C$150 million offering of 4.60% Cumulative Rate Reset Preferred Shares". Capital Power announces closing of C$150 million offering of 4.60% Cumulative Rate Reset Preferred Shares. System for Electronic Document Analysis and Retrieval (SEDAR). Retrieved January 14, 2013. 
  3. ^ "Our Power Citizens Group". Our Power Citizens Group website. Retrieved March 10, 2011. 
  4. ^ "Corporate Structure". Annual Information Form - filed on SEDAR. System for Electronic Document Analysis and Retrieveal (SEDAR). Retrieved March 11, 2011. 
  5. ^ "Corporate Structure". Annual Information Form. System for Electronic Document Analysis and Retrieveal (SEDAR). 
  6. ^ "Atlantic Power Corporation and Capital Power Income L.P. Announce Close of Acquisition of Capital Power Income L.P.". News Release. System for Electronic Document Analysis and Retrieveal (SEDAR). 
  7. ^ "Capital Power confirms strategic direction". News Release. System for Electronic Document Analysis and Retrieveal (SEDAR). 
  8. ^ "Capital Power announces major expansion plans in Alberta". News Release. System for Electronic Document Analysis and Retreival (SEDAR). Retrieved January 14, 2013. 
  9. ^ "Capital Power reports third quarter 2012 results and announces Quality Wind set to commence commercial operations". System for Electronic Document Analysis and RetreivalSEDAR. Retrieved January 14, 2013. 
  10. ^ "Capital Power, Samsung and Pattern to pursue development of Ontario wind project". News Release. System for Electronic Document Analysis and Retrieveal (SEDAR). Retrieved January 14, 2013. 
  11. ^ "Capital Power announces major expansion plans in Alberta and provides updates at annual Investor Day". News Release. System for Electronic Document Analysis and Retrieveal (SEDAR). Retrieved January 14, 2013. 
  12. ^ "Capital Power purchases fifty percent interest in the Shepard Energy Centre". News Release. System for Electronic Document Analysis and Retrieveal (SEDAR). Retrieved January 14, 2013. 

External links[edit]