# Capital Power Corp/ADR Capital Power Corp/ADR is an other based in Edmonton, Canada. ## Overview - **Organization type:** other - **Headquarters:** Edmonton, Canada - **Region:** North America - **Address:** Edmonton, Alberta, Canada - **Founded:** 2009 - **Assets under management:** Undisclosed - **Website:** capitalpower.com ## Regulatory record - **Reports private funds:** No ## About Capital Power Corp was formed in 2009 through the amalgamation of the generation assets of EPCOR Utilities and the former Capital Power Income L.P. It is publicly traded on the Toronto Stock Exchange under the symbol CPX. The firm operates as an independent power producer, meaning it owns and operates power generation facilities and sells electricity into wholesale markets. The company's strategy spans multiple asset classes: natural gas-fired generation, wind farms, solar photovoltaic projects, and battery energy storage systems. As of 2025, Capital Power had over 40 sites in operation across Canada and the United States. Notable projects include the 130 MW Strathmore Solar facility in Alberta and the 385 MW combined-cycle Genesee 2 repowering project. The firm also has a growing pipeline of development-stage assets. Capital Power employs over 850 people as of 2024, with offices in Edmonton, Calgary, Toronto, and Ottawa. The company has an adjacent vehicle: the Capital Power Charitable Foundation, which supports community and environmental initiatives. Operational updates include the sale of a minority stake in its U.S. portfolio as part of the company's strategy to recycle capital and fund growth. As a publicly traded entity, Capital Power's governance structure differs from a family office. It has a board of directors elected by shareholders and follows standard corporate governance and reporting requirements. Its structural differentiator is its pure-play independent power producer model, focused on merchant power generation without regulated utility returns. ## Sectors - Energy Transition & Renewables - Infrastructure - Utilities ## Offices - Calgary - Toronto - Ottawa ## People - Bill Steeves — President and CEO ## Questions ### How does Capital Power Corp generate revenue? Capital Power sells electricity from its fleet of gas, wind, solar, and storage plants into wholesale markets across Canada and the United States. The company also earns revenue from power purchase agreements (PPAs) with other utilities. Revenue streams are exposed to market prices and to contracting activity. ### What is Capital Power's investment strategy? The firm invests in cost-competitive natural gas generation and renewable energy projects, including wind, solar, and battery storage. It pursues a mix of greenfield development and acquisitions. A key element is the repowering of existing gas plants to improve efficiency and lower emissions. ### Is Capital Power a regulated utility? No. Capital Power is an independent power producer, meaning its generation assets are not regulated. It sells electricity into competitive wholesale markets and negotiates long-term PPAs. This exposes the company to price volatility but also to the upside development. ### Who are the key decision-makers at Capital Power? Bill Steeves is President and CEO. He reports to a board of directors which includes independent directors. The senior leadership team includes the CFO, COO, and heads of development and operations. All key roles are subject to shareholder oversight. ### Does Capital Power pay a dividend? Yes. Capital Power has consistently paid a quarterly dividend. The dividend is funded from operating cash flow and is approved by the board. It is part of the company's total shareholder return alongside capital appreciation. ### What is the size of Capital Power's generation fleet? As of 2024, the company had approximately 6,600 megawatts of owned and contracted generation capacity. This includes natural gas, wind, solar, and battery storage assets. The fleet spans facilities in Alberta, Ontario, and the U.S. ## Related profiles - [BM Acquisition Corp](https://altss.com/profile/bm-acquisition-corp) - [Stella-Jones](https://altss.com/profile/stella-jones-incadr) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/capital-power-corpadr Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology