Company type | Public |
---|---|
TSX: CPX | |
Industry | Power Generation |
Headquarters | , |
Area served | North America |
Key people | Avik Dey (CEO) [1] |
Services | Electricity |
Revenue | CAD$ 2,929 million (2022) [2] |
CAD$ 1,353 million (2022) [2] | |
CAD$ 128 million (2022) [2] | |
Total assets | CAD$ 5,393 million (2022) |
Number of employees | 813 (as of December 31, 2018) [3] |
Website | www |
Capital Power is a North American independent power generation company based in Edmonton, Alberta, Canada. [4] [5] It develops, acquires, owns and operates power generation facilities using a variety of energy sources.
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. [6]
The Clover Bar Landfill Gas facility was commissioned in 2005. [7] 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. [8]
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. [9] [10]
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. [11]
In November 2011, Atlantic Power Corporation acquired Capital Power Income. [12] [13] As part of the arrangement, Capital Power acquired CPILP's Roxboro and Southport plants in North Carolina. [12]
In October 2012, Innergex Renewable Energy Inc. acquired Capital Power's Brown Lake, B.C., and Miller Creek, B.C. hydro facilities. [14] [15]
In November 2012, Capital Power's 142 MW Quality Wind project, located in British Columbia, began commercial operation. [16] [17]
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. [18]
In November 2013, Emera Inc. acquired Capital Power's facilities in Connecticut: Bridgeport, Rhode Island: Tiverton, and Maine: Rumford, including certain emissions credits. [19] 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. [20] [21] [22]
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. [23] [24]
The electricity sector in Canada has played a significant role in the economic and political life of the country since the late 19th century. The sector is organized along provincial and territorial lines. In a majority of provinces, large government-owned integrated public utilities play a leading role in the generation, transmission, and distribution of electricity. Ontario and Alberta have created electricity markets in the last decade to increase investment and competition in this sector of the economy.
Constellation Energy Corporation is an American energy company headquartered in Baltimore, Maryland. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.
Halkirk is a village in central Alberta, Canada within the County of Paintearth No. 18. It is located 122 kilometres (76 mi) east of Red Deer at the intersection of Highway 12 and Highway 855. Founded in 1912, Halkirk was named after Halkirk, Scotland. With commercial operations beginning on December 1, 2012, Capital Power Corporation operates Alberta's third largest wind farm, with 83 Vestas V90 Wind Turbines in the area totalling 150MW capacity.
Enmax Corporation is a vertically integrated utility with operations across Alberta, Canada, and in Maine, U.S. Through its subsidiaries, ENMAX Power Corporation and Versant Power, ENMAX owns and operates transmission and distribution utilities that deliver electricity to customers in Calgary, Alberta, and northern and eastern Maine. Through ENMAX Energy Corporation, ENMAX owns and operates power generation facilities and offers electricity and natural gas products and services to residential, commercial and industrial customers across Alberta.
EPCOR Utilities Inc., formerly known as Edmonton Power Corporation, is a utility company based in Edmonton, Alberta. EPCOR manages water, wastewater, natural gas, and electricity distribution systems in the Canadian provinces of Alberta, British Columbia, and Ontario, and the American states of Arizona, New Mexico, and Texas. In addition, the company maintains and provides engineering support for traffic signals and street lights within the City of Edmonton, as well as other cities in Alberta. EPCOR is a municipally owned corporation with the City of Edmonton as sole shareholder.
Canada has access to all main sources of energy including oil and gas, coal, hydropower, biomass, solar, geothermal, wind, marine and nuclear. It is the world's second largest producer of uranium, third largest producer of hydro-electricity, fourth largest natural gas producer, and the fifth largest producer of crude oil. In 2006, only Russia, the People's Republic of China, the United States and Saudi Arabia produce more total energy than Canada.
Wind power has a history in Canada dating back many decades, particularly on prairie farms. As of December 2021, wind power generating capacity was approximately 14,304 megawatts (MW). Combined with 2,399 MW of solar power generating capacity, this provided about 6.5% of Canada's electricity demand as of 2020. The Canadian Wind Energy Association (CanWEA) has outlined a future strategy for wind energy that would reach a capacity of 55 GW by 2025, meeting 20% of the country's energy needs.
Capital Power Income L.P. was a limited partnership that is engaged in the generation, acquisition, and sale of electricity in Canada and the United States. The company was founded in 2002 and is headquartered in Edmonton, Alberta, Canada. Capital Power Income L.P. is the parent company of Capital Power Corporation, a publicly traded company that is also involved in the electricity generation and transmission business.
Through the 1996 Electric Utilities Act the Alberta's deregulated electricity market began.
Renewable energy in Canada represented 17.3% of the Total Energy Supply (TES) in 2020, following natural gas at 39.1% and oil at 32.7% of the TES.
Greengate Power Corporation (Greengate) is a Canadian energy company focused on renewable energy in Alberta.
As of 2019, renewable energy in Morocco covered 35% of the country’s electricity needs.
Genesee Generating Station is a coal fired station owned by Capital Power Corporation, located near Genesee, Alberta, Canada; 71 km southwest of Edmonton, Alberta. Fuel is provided by the nearby coal mine, a joint venture of EPCOR and Westmoreland Prairie Resources. The Genesee cooling pond is a reservoir covering 735 hectares. The pond is topped up with water from the North Saskatchewan River.
The Shepard Energy Centre is a combined cycle power plant located on the east side of Calgary, Alberta. Powered by two gas turbine generators, with two HRSGs capturing the waste heat from the exhaust-gases and producing steam for a single steam turbine.
The Rossdale Power Plant is a decommissioned natural gas power plant located in Edmonton, Alberta, Canada. The power plant is located along the North Saskatchewan River in the Rossdale community, neighbouring the EPCOR water treatment plant to the east and a native burial ground to the west. The plant's remaining three remaining structures, the Low Pressure Plant, Pumphouse No. 1 and the Administration building are designated as Alberta Provincial Historic Resources.