Capital Power Corporation is a North American based Power producer engaged in acquiring, developing and operating power plants.
The company's diversified portfolio includes natural gas, wind, coal, solar and solid fuel energy generating facilities.
The principal operating facilities are located in Canada’s western and central region, and the United States.
It claims to generate revenue by selling natural gas and electricity.
Capital Power Corporation caters to different industrial and commercial consumers, government-owned entities and independent transmission system operators.
The company is headquartered in Alberta.
Capital Power Corporation company owns 26 operating facilities with an estimated power generation capacity of 6400 megawatts.
The energy company's history dates back to 1891 when it was founded as Edmonton Electric Lighting and Power Company, with its first power plant launched on December 22, 1891.
In 1928, it reportedly developed the world's first 10,000 kilowatts turbo generators, followed by the launching of the largest steam boiler in Canada in 1931.
In the late 1990s, the company developed coal-fired units at Genesee, Alberta, which are reportedly still in operation.
As a result of a spin-off from EPCOR, Capital Power Corporation became a new, independent, publicly traded company on July 9, 2009.
The company’s stock trade on the Toronto Stock Exchange under the symbol 'CPX'.
Initially, the new entity reportedly focuses on expanding generating facilities in Alberta and British Columbia. From 2014-18, Capital Power Corporation focused on diversification of assets, operational excellence and growth.
Due to the risk associated with lower power prices in Alberta, the energy firm claims to have focused on contracted renewable energy and natural gas generation opportunities in British Columbia, Ontario and other parts of the United States.
Capital Power Corporation acquired the Ontario-based Goreway Power Station in 2019, which is an 875 megawatts natural gas facility.
Capital Power Corporation is also focusing on repowering its Genesee generation facility with a target to move off-coal by 2023. It reportedly set a target of net-zero emissions by 2050.