Capital Power Corporation
Encyclopedia
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 3,300 megawatts of power generation capacity at 16 facilities across North America.
The decision to split EPCOR Utilities into two separate companies (one publicly owned by the City of Edmonton and the other by public shareholders) 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".
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.. CPILP held ownership interests in 21 power generation assets in Canada and the United States.
On November 7, 2011, Atlantic Power Corporation acquired Capital Power Income L.P (CPILP). As part of the arrangement, Capital Power acquired CPILP's Roxboro and Southport plants in North Carolina.
- Warburg, AB
Clover Bar Energy Centre - Edmonton, AB
Clover Bar Landfill Gas Plant - Edmonton, AB
Miller Creek - Pemberton, BC
Brown Lake - Prince Rupert, BC
Tiverton - Rhode Island
Rumford - Maine
Southport - North Carolina
Roxboro - North Carolina
Joffre - Red Deer, AB
Keephills 3 - Wabamun, AB
Capital Power is proposing to develop, construct, and operate the Port Dover and Nanticoke Wind Project in Ontario.
K2 Wind Ontario:
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 ofAshfield-Colborne-Wawanosh.
Halkirk Wind:
On May 25, 2011, Capital Power acquired 100% of Halkirk I Wind Project LP and Halkirk I Wind Project Ltd from Greengate Power Corporation. Capital Power will build, own, and operate the facility.
Edmonton
Edmonton is the capital of the Canadian province of Alberta and is the province's second-largest city. Edmonton is located on the North Saskatchewan River and is the centre of the Edmonton Capital Region, which is surrounded by the central region of the province.The city and its census...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. Capital Power develops, acquires, and operates power generation from a variety of energy sources. Capital Power owns more than 3,300 megawatts of power generation capacity at 16 facilities across North America.
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 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 City of Edmonton and the other by public shareholders) 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".
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.. CPILP held ownership interests in 21 power generation assets in Canada and the United States.
On November 7, 2011, Atlantic Power Corporation acquired Capital Power Income L.P (CPILP). As part of the arrangement, Capital Power acquired CPILP's Roxboro and Southport plants in North Carolina.
Alberta
Genesee Generating StationGenesee Generating Station
Genesee Generating Station is a coal fired station owned by Capital Power Corporation, located near Genesee, Alberta, Canada; 60 minutes south of Edmonton, Alberta. Fuel is provided by the nearby coal mine, a joint venture of EPCOR and Fording. The Genesee cooling pond, is an artificial pond...
- Warburg, AB
Clover Bar Energy Centre - Edmonton, AB
Clover Bar Landfill Gas Plant - Edmonton, AB
British Columbia
Island Generation - Campbell River, BCMiller Creek - Pemberton, BC
Brown Lake - Prince Rupert, BC
United States
Bridgeport Energy - ConnecticutTiverton - Rhode Island
Rumford - Maine
Southport - North Carolina
Roxboro - North Carolina
Facilities - Economic Interests
Capital Power has economic interests in the following facilities, which are operated by other entities:Joffre - Red Deer, AB
Keephills 3 - Wabamun, AB
Ontario
Port Dover and Nanticoke Wind Project:Capital Power is proposing to develop, construct, and operate the Port Dover and Nanticoke Wind Project in Ontario.
K2 Wind Ontario:
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 ofAshfield-Colborne-Wawanosh.
Halkirk Wind:
On May 25, 2011, Capital Power acquired 100% of Halkirk I Wind Project LP and Halkirk I Wind Project Ltd from Greengate Power Corporation. Capital Power will build, own, and operate the facility.