reports
Capital Power announces closing of renewable power asset sell-down tra...
Capital Power announces closing of renewable power asset sell-down transaction EDMONTON, Alberta, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) ("Capital Power") is pleased to announce the closing today of its previously announced sale of a 49% interest in the Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario to Axium Infrastructure (“Axium”). The renewable power asset sell-down transaction was previously announced on November 26, 2024. Total pre-tax cash proceeds to Capital Power from the transaction are expected...
Capital Power Announces Closing of $460 Million Offering of Common Sha...
Capital Power Announces Closing of $460 Million Offering of Common Shares EDMONTON, Alberta, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) announced today that it has completed its previously announced bought deal offering of 7,820,000 common shares of Capital Power (“Common Shares”), which included 1,020,000 Common Shares issued pursuant to the full exercise of the over-allotment option, at an offering price of $58.80 per Common Share, for total gross proceeds of approximately $460 million (the “Offering”). The Offering was...
Genesee Repowering Achieves Commercial Operations
Genesee Repowering Achieves Commercial Operations Canada’s most efficient natural gas combined cycle facility generating reliable, affordable and cleaner power EDMONTON, Alberta, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) is proud to announce its Genesee Repowering project is now complete as Genesee Unit 2 achieved combined cycle commercial operations today, resulting in Genesee Units 1 and 2 becoming Canada’s most efficient natural gas combined cycle facility. Completion of this industry-leading project increases overall capacity at the Genesee Generating St...
Capital Power Announces Upsizing of Previously Announced Bought Offeri...
Capital Power Announces Upsizing of Previously Announced Bought Offering of Common Shares BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES EDMONTON, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) announced today that it has increased the size of its previously announced bought deal offering. Pursuant to the amended terms, the syndicate of underwriters co-led by TD...
Capital Power Announces $350 Million Bought Offering of Common Shares
Capital Power Announces $350 Million Bought Offering of Common Shares BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES EDMONTON, Alberta, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities and Scotiabank (collectively the “Underwriters”), pursuant to which the Underwr...
Capital Power announces renewable power asset sell-down transaction
Capital Power announces renewable power asset sell-down transaction EDMONTON, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) ("Capital Power") and Axium Infrastructure (“Axium”) are pleased to announce that Axium, through one of its managed funds, has agreed to acquire a 49% interest in two operating Canadian wind facilities from Capital Power. The 246 MW portfolio includes the Quality Wind facility in British Columbia and the Port Dover and Nanticoke Wind facility in Ontario. Total pre-tax cash proceeds to Capital Power from the transaction are expected t...
Capital Power announces third quarter 2024 results
Capital Power announces third quarter 2024 results Record quarterly generation and increased EBITDA diversification from newly acquired U.S. assets EDMONTON, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended September 30, 2024. Financial highlights Generated adjusted funds from operations (AFFO) of $315 million and net cash flows from operating activities of $236 millionGenerated adjusted EBITDA of $401 million and a net income of $178 millionSuccessfully closed a $600 million medium term note off...
Capital Power declares dividends for its Common and Preference shares
Capital Power declares dividends for its Common and Preference shares EDMONTON, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending December 31, 2024. The dividend is payable on January 31, 2025 to shareholders of record at the close of business on December 31, 2024. The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares: SharesTSX Stock SymbolDividend Per ShareRecord ...
Capital Power Corp: 1 director
A director at Capital Power Corp sold 12,800 shares at 50.560CAD and the significance rating of the trade was 79/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
Capital Power to release third quarter 2024 results on October 30
Capital Power to release third quarter 2024 results on October 30 EDMONTON, Alberta, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) will release its third quarter results before the markets open on October 30, 2024. A conference call and webcast to discuss the results will be held the same day at 9:00 a.m. MDT (11:00 a.m. EDT). Analyst Conference Call and Webcast Webcast: Conference Call: Details will be sent directly to analysts.An archive of the webcast will be available at following the conference call. Territorial Acknowledgement In the spirit of reconcil...
Capital Power engages at New York Climate Week
Capital Power engages at New York Climate Week Amid unprecedented power demand fueled by AI, the time is now to power change NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Capital Power, a leading North American power producer, is pleased to attend New York Climate Week at such a critical moment in the continued evolution of power production and consumption, fueled by economic development, population growth and technology advancements like artificial intelligence (AI). There is an urgent need to address the skyrocketing global demand for plentiful, reliable, and affordable e...
Capital Power announces a C$600 million medium term note offering
Capital Power announces a C$600 million medium term note offering EDMONTON, Alberta, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has priced a public offering in Canada of unsecured medium term notes (the “Notes”) in the aggregate principal amount of C$600 million (the “Offering”). The Notes have a coupon rate of 4.831% and mature on September 16, 2031. The Offering is expected to close on or about September 16, 2024. Capital Power intends to use the net proceeds of the Offering to repay, redeem or refinance existing ind...
Capital Power announces successful completion of consent solicitation ...
Capital Power announces successful completion of consent solicitation process for its 7.95% Fixed-to-Fixed Rate Subordinated Notes, Series 1 EDMONTON, Alberta, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”, the “Company”, “we”, “us” or “our”) (TSX: CPX) announced today the completion of a previously announced solicitation of consents (the “Consent Solicitation”) from holders (“Holders”) of its C$350M 7.95% Fixed-to-Fixed Rate Subordinated Notes, Series 1, due September 9, 2082 (the “Series 1 Notes”). Based on the report of the tabulation agent for the Consen...
Capital Power announces second quarter 2024 results
Capital Power announces second quarter 2024 results Genesee Generating Station achieves significant milestone of being off coal EDMONTON, Alberta, July 31, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended June 30, 2024. Financial highlights Generated adjusted funds from operations (AFFO) of $178 million and net cash flows from operating activities of $136 millionGenerated adjusted EBITDA of $323 million and a net income of $76 millionSuccessfully completed the first Canadian 30-year hybrid financing for $450 millionIn...
Capital Power announces a 6% dividend increase for its common shares a...
Capital Power announces a 6% dividend increase for its common shares and declares dividends for its Preference shares EDMONTON, Alberta, July 30, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending September 30, 2024. The dividend is payable on October 31, 2024 to shareholders of record at the close of business on September 30, 2024. The quarterly dividend of $0.6519 per common share compared to the previous $0.615 dividend represents a 6%...
Capital Power announces commencement of a consent solicitation process...
Capital Power announces commencement of a consent solicitation process for the 7.95% Fixed-to-Fixed Rate Subordinated Notes, Series 1 EDMONTON, Alberta, July 29, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”, the “Company”, “we”, “us” or “our”) (TSX: CPX) announced today that it has commenced a solicitation of consents (the “Consent Solicitation”) from holders of its C$350M 7.95% Fixed-to-Fixed Rate Subordinated Notes, Series 1, due September 9, 2082 (the “Series 1 Notes”). The purpose of the Consent Solicitation is to seek approval from the holders (“Holders”) of r...
Capital Power to release second quarter 2024 results on July 31
Capital Power to release second quarter 2024 results on July 31 EDMONTON, Alberta, June 28, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) will release its second quarter results before the markets open on July 31, 2024. A conference call and webcast to discuss the results will be held the same day at 9:00 a.m. MDT (11:00 a.m. EDT). Analyst Conference Call and Webcast Webcast: Conference Call: Details will be sent directly to analysts.An archive of the webcast will be available at following the conference call. Territorial AcknowledgementIn the spirit of reconciliation,...
Genesee Generating Station is off coal – all units 100% natural gas-fu...
Genesee Generating Station is off coal – all units 100% natural gas-fueled A significant milestone for the Genesee Repowering project EDMONTON, Alberta, June 18, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or “the Company”) is pleased to announce that the Genesee Generating Station is now 100% natural gas-fueled, resulting in the facility being off coal over 5 years ahead of the Alberta government mandate. As part of the Genesee Repowering project, the facility completed simple cycle commissioning for Unit 1 on May 3, simple cycle testing is underway ...
Capital Power provides redemption notice on Preferred Shares, Series 1...
Capital Power provides redemption notice on Preferred Shares, Series 11 EDMONTON, Alberta, May 15, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX:CPX) announced today that it intends to redeem all of its 6,000,000 issued and outstanding 5.75% Cumulative Minimum Rate Reset Preference Shares, Series 11 (the “Series 11 Shares”) (TSX: CPX.PR.K) on June 30, 2024 (the “Redemption Date”) at a price of $25.00 per share (the “Redemption Price”) for an aggregate total of $150 million, less any tax required to be deducted and withheld by the Company. As Ju...
Capital Power announces Board appointments and retirement
Capital Power announces Board appointments and retirement EDMONTON, Alberta, May 15, 2024 (GLOBE NEWSWIRE) -- Jill Gardiner, Chair of the Board for Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX), is pleased to announce the appointment of Neil H. Smith and George Williams to the Company’s Board of Directors (“the Board”) effective May 15, 2024. The appointments follow the departure of Doyle Beneby, who after 12 successful years as a member of the Board, and having reached his term limit, did not stand for reelection at the Company’s recent AGM. Neil H. Smith is cu...
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