- CEO
- Avik Dey
- Full Time Employees
- 741
- Sector
- Utilities
- Industry
- Independent Power Producers
- Address
- 10423-101 Street NW Edmonton AB Canada T5H 0E9
- IPO Date
- Feb 24, 2020
- Business
- Capital Power Corporation Capital Power Corporation (TSX: CPX) is a growth-oriented North American independent power producer that develops, acquires, owns and operates a diversified portfolio of thermal and renewable power generation facilities; its core assets include natural gas-fired plants such as Genesee and Shepard, wind farms, solar projects, waste heat recovery facilities, landfill gas operations, solid fuel energy generation and battery energy storage systems, with approximately 12 GW of capacity across 32 facilities serving commercial, industrial, governmental and institutional customers through electricity sales, natural gas and energy marketing services including full- and self-retail options, budget forecasting and market optimization tools. Headquartered in Edmonton, Alberta, Canada, the company traces its origins to 1891 with the founding of the Edmonton Electric Lighting and Power Company and became a publicly traded entity in 2009 following its initial public offering and separation from EPCOR Utilities. Capital Power operates primarily in Western and Central Canada as well as select U.S. markets including PJM, MISO and Ontario, prioritizing reliable power delivery, lower-carbon transitions and balanced energy solutions amid rising demand from electrification and digitalization.
Recent strategic developments include the April 2025 acquisition of two flexible natural gas generation assets, Hummel and Rolling Hills, totaling 2.2 GW in the PJM market—its largest deal to date—establishing a foothold in North America's largest power market and positioning the company among the top five independent power producers with over 10 GW of natural gas capacity; in September 2025, it executed a new long-term power purchase agreement with improved terms for the Midland Cogeneration Venture alongside Consumers Energy and Manulife Investment Management; and in late 2025, it commissioned two Ontario battery energy storage projects, the 120-MW York BESS and 50-MW Goreway BESS, enhancing grid reliability. The company also announced a C$600 million medium-term note offering to redeem existing debt and reported strong third-quarter 2025 results with CFO Sandra Haskins retiring after 23 years, alongside ongoing dividend declarations and quarterly financial releases underscoring its focus on U.S. flexible generation growth and contracting momentum.