Capital Power

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Canadian power generation

title: "Capital Power" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["electric-power-companies-of-canada", "electric-power-companies-of-alberta", "energy-in-alberta", "companies-based-in-edmonton", "companies-formerly-owned-by-municipalities-of-canada", "energy-companies-established-in-1970", "non-renewable-resource-companies-established-in-1970", "renewable-resource-companies-established-in-1970", "1970-establishments-in-alberta", "companies-listed-on-the-toronto-stock-exchange", "canadian-companies-established-in-1970", "electric-power-companies-of-north-america"] description: "Canadian power generation" topic_path: "geography/canada" source: "https://en.wikipedia.org/wiki/Capital_Power" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Canadian power generation ::

::data[format=table title="Infobox company"]

FieldValue
nameCapital Power
logoCapital_Power_Logo.svg
typePublic
traded_as
location_cityEdmonton, Alberta
location_countryCanada
area_servedNorth America
key_peopleAvik Dey (CEO)
industryPower Generation
servicesElectricity
revenueCAD$ 2,929 million (2022)
operating_incomeCAD$ 1,353 million (2022)
net_incomeCAD$ 128 million (2022)
assetsCAD$ 5,393 million (2022)
num_employees813 (as of December 31, 2018)
website
::

| name = Capital Power | logo = Capital_Power_Logo.svg | type = Public | traded_as = | genre = | foundation = | founder = | location_city = Edmonton, Alberta | location_country = Canada | location = | locations = | area_served = North America | key_people = Avik Dey (CEO) | industry = Power Generation | products = | services = Electricity | revenue = CAD$ 2,929 million (2022) | operating_income = CAD$ 1,353 million (2022) | net_income = CAD$ 128 million (2022) | assets = CAD$ 5,393 million (2022) | equity = | owner = | num_employees = 813 (as of December 31, 2018) | parent = | divisions = | subsid = | website = | footnotes =

Capital Power is a Canadian independent power generation company based in Edmonton, Alberta, Canada. It develops, acquires, owns and operates power generation facilities using a variety of energy sources.

History

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 was created through issuance of a 25 percent IPO by EPCOR Utilities in 2009.

The Clover Bar Landfill Gas facility was commissioned in 2005. The facility utilizes landfill gas from the City of Edmonton's Waste Management Centre and output from the facility is sold to the City of Edmonton.

In October 2010, Capital Power acquired the Island Generation Facility, a 275 megawatt (MW), gas-fired combined cycle power plant at Campbell River, British Columbia, from Kelson Canada.

In September 2011, Capital Power and TransAlta completed the 495 MW (gross) Keephills 3 generating facility and announced the commencement of commercial operation at the facility.

In November 2011, Atlantic Power Corporation acquired Capital Power Income. As part of the arrangement, Capital Power acquired CPILP's Roxboro and Southport plants in North Carolina.

In October 2012, Innergex Renewable Energy Inc. acquired Capital Power's Brown Lake, B.C., and Miller Creek, B.C. hydro facilities.

In November 2012, Capital Power's 142 MW Quality Wind project, located in British Columbia, began commercial operation.

In December 2012, Capital Power and ENMAX Corporation announced the signing of a joint venture agreement to build, own and operate the 800 MW Shepard Energy Centre in Calgary.

In November 2013, Emera Inc. acquired Capital Power's facilities in Connecticut: Bridgeport, Rhode Island: Tiverton, and Maine: Rumford, including certain emissions credits. These facilities were subsequently sold by Emera to the Carlyle Group.

In February 2017, Capital Power entered into an agreement to acquire the thermal power business of Veresen, consisting of two gas-fired generation facilities and two waste heat assets.

In March 2017, Capital Power and ENMAX Corporation announced that the Shepard Energy Centre was chosen as the test site for the natural gas track of the $20 million NRG COSIA Carbon XPRIZE, a global competition to develop breakthrough technologies that convert carbon dioxide (CO2) into valuable products. Shepard Energy Centre will host the new Alberta Carbon Conversion Technology Centre, as well as provide the flue gas for testing during the NRG COSIA Carbon XPRIZE and for future innovators.

In June 2017, Capital Power's Bloom Wind project, located in Kansas began commercial operation.

In October 2023, Capital Power announced that it would acquire 50.15 percent stake in the Frederickson 1 Generating Station, a natural gas-fired combined-cycle generation facility located in Pierce County, Washington. The acquisition was completed in December 2023.

In November 2023, Capital Power announced that it would acquire two natural gas-fired generation facilities: the 1,092 MW Harquahala facility in Arizona, and the 1,062 MW La Paloma facility in California for $1.1 billion. Both acquisitions were completed in February 2024.

Operations

In operation

Under construction

In development

  • Bear Branch Solar in North Carolina, United States
  • East Windsor Generation Facility Expansion
  • Goreway – Battery Energy Storage System in Ontario, Canada
  • Goreway Power Station – Upgrades Project in Ontario, Canada
  • Halkirk 2 Wind in Alberta, Canada

References

References

  1. "Capital Power Announces Appointment of Avik Dey as President and Chief Executive Officer, Brian Vaasjo to Retire".
  2. "Capital Power reports fourth quarter and year-end 2022 results".
  3. (February 19, 2019). "Capital Power 2018 Annual Information Form". SEDAR.
  4. "Capital Power's natural gas turbine expansion in Windsor approved".
  5. (February 3, 2023). "Feds announce $500M contract with Edmonton company for green electricity".
  6. (June 29, 2009). "Capital Power C$500mln IPO targets global investors".
  7. Burton, Dentons-Courtney R.. (2022-06-14). "Things you need to know about Canada's growing renewable natural gas utilization".
  8. "Edmonton's Clover Bar landfill still releasing gas {{pipe".
  9. (August 3, 2010). "Capital Power buys B.C. electricity plant".
  10. "Capital Power To Buy 275MW Gas-fired Plant In British Columbia - NS Energy".
  11. (February 1, 2016). "TransAlta Plays Defense with Coal Out, Renewables In".
  12. Directors, Clarion Energy Content. (June 20, 2011). "Atlantic Power purchases Capital Power Income".
  13. (June 20, 2011). "Atlantic Power to buy Capital Power Income for C$1.10 billion".
  14. Capkun, Anthony. (June 22, 2012). "Innergex acquiring Brown Lake and Miller Creek hydro facilities in B.C.".
  15. (June 14, 2012). "Innergex buys Miller Creek run-of-river IPP from Capital Power".
  16. (March 17, 2010). "Alberta Firm to Build B.C. Wind Project".
  17. (December 9, 2021). "Quality Wind Farm, Canada".
  18. (March 11, 2015). "Shepard Energy Centre, powered by natural gas, fully operational, Enmax says".
  19. "Capital Power completes sale of its New England assets". System for Electronic Document Analysis and Retrieval (SEDAR).
  20. "Veresen Inc. selling power generation business {{pipe".
  21. (April 13, 2017). "BRIEF-Capital Power closes 284 megawatt contracted thermal portfolio acquisition from Veresen".
  22. (February 21, 2017). "Veresen to sell power generation business for $1.18bn".
  23. Lillian, Betsy. (June 13, 2017). "Capital Power Flips The Switch On Bloom Wind In Kansas".
  24. "Capital Power grows contracted power generation close to 1GW - NS Energy".
  25. "Capital Power to buy stake in Washington gas-fired power plant".
  26. "Capital Power completes acquisition of 50.15% interest in the Frederickson 1 Generating Station".
  27. Wolfe, Sean. (19 February 2024). "1,092 MW Arizona natural gas plant changes hands".
  28. "Waste Heat Energy Recovery For On-Site Power {{!}} Engineered Systems Magazine".
  29. "Arlington Valley".
  30. (2021-12-23). "Arlington Valley Energy Facility, US".
  31. (2022-02-21). "Power plant profile: Beaufort Solar PV Park, US".
  32. (2021-12-15). "Buckthorn Wind Farm, US".
  33. (2021-12-06). "Bloom Wind Farm, US".
  34. (2021-12-08). "Cardinal Point Wind Farm, US".
  35. "Clover Bar Energy Centre".
  36. Boothby, Lauren. (November 25, 2022). "Edmonton's Clover Bar landfill still not capped and releasing gas after 13 years, new capture technology planned". Postmedia Network.
  37. "Clydesdale Solar Project".
  38. (2021-12-16). "Decatur Energy Center, US".
  39. (2023-04-22). "Power plant profile: Genesee Generating Station 1 & 2, Canada".
  40. (2022-01-10). "Power plant profile: Genesee Generating Station 3, Canada".
  41. (2021-12-17). "Goreway Power Station, Canada".
  42. "Halkirk Wind Project".
  43. (2022-01-21). "Power plant profile: Island Generation Facility, Canada".
  44. (2022-01-11). "Power plant profile: Joffre Cogeneration Plant, Canada".
  45. (2022-02-07). "Power plant profile: Kingsbridge, Canada".
  46. (2022-01-17). "Power plant profile: Macho Springs Wind Energy Project, US".
  47. (2022-07-13). "Midland Cogeneration pricetag: $894 million".
  48. "North Dakota's New Frontier Wind project now operational".
  49. (2021-12-15). "New Frontier Wind Energy Project, US".
  50. (2021-12-13). "Port Dover and Nanticoke Wind Project, Canada".
  51. (2021-12-09). "Quality Wind Farm, Canada".
  52. "Canada's waste-to-power plant is online - UPI.com".
  53. (2021-12-20). "Shepard Energy Centre, Canada".
  54. "Strathmore Solar Farm".
  55. "Whitla Wind Project, Forty Mile County, Alberta, Canada".
  56. (2021-12-15). "Whitla Wind Project, Canada".
  57. "York Energy Centre".
  58. Walton, Rod. (2021-10-11). "Capital Power converting coal-fired Genesee units to combined cycle gas-fired technologies by 2024".
  59. (February 1, 2022). "Power plant profile: Bear Branch Solar PV Park, US".
  60. "Goreway - Battery Energy Storage System".
  61. "Goreway Power Station - Upgrade Project".
  62. (2022-01-13). "Power plant profile: Halkirk 2 Wind Power Project, Canada".

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electric-power-companies-of-canadaelectric-power-companies-of-albertaenergy-in-albertacompanies-based-in-edmontoncompanies-formerly-owned-by-municipalities-of-canadaenergy-companies-established-in-1970non-renewable-resource-companies-established-in-1970renewable-resource-companies-established-in-19701970-establishments-in-albertacompanies-listed-on-the-toronto-stock-exchangecanadian-companies-established-in-1970electric-power-companies-of-north-america