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About Capital Power
Company overview
Capital Power Corporation, a publicly traded independent power producer
Edmonton, AB, Canada
2009
Approximately 730 employees globally (source: capitalpower.com). Revenue of C$3.720 billion in 2025 (source: capitalpower.com).
What they do
Capital Power Corporation develops, owns, operates, and optimizes a diverse portfolio of electricity-generation facilities across Canada and the United States. Their business model blends merchant power-market exposure with long-term power purchase agreements, tolling arrangements, and capacity contracts, enabling revenue from both electricity-market prices and contracted availability payments (source: capitalpower.com). The company’s generation assets include natural-gas combined-cycle and simple-cycle plants, coal-fired units, wind farms, utility-scale solar, battery energy storage, and cogeneration facilities, reflecting a broad technology mix rather than exclusive focus on renewables (source: capitalpower.com). Natural gas plays a key role in their growth strategy due to its dispatchable nature, with recent acquisitions adding approximately 2.2 GW of gas-fired capacity in the U.S. PJM market (source: capitalpower.com). Capital Power also serves utilities, commercial and industrial customers, power marketers, and wholesale markets in major North American regions including Alberta, Ontario, California, Arizona, Michigan, North Carolina, and PJM (source: capitalpower.com).
Projects & track record
Capital Power’s Genesee Generating Station near Warburg, Alberta, is a flagship facility that transitioned from coal to natural gas through the Genesee Repowering project completed in 2024, enhancing operational flexibility and supporting the company’s coal phase-out strategy (source: capitalpower.com). The Halkirk 2 Wind project, a 150-MW wind farm in Alberta, commenced commercial operation in December 2025, expanding the company’s renewable footprint (source: capitalpower.com). In Ontario, the Goreway Power Station is a natural-gas facility complemented by battery storage assets including the 50-MW Goreway Battery Energy Storage System and the 120-MW York Battery Energy Storage System, both supported by long-term contracts through 2047 and expected to generate approximately C$35 million in annual EBITDA (source: capitalpower.com). The company’s 2025 acquisition of the Hummel and Rolling Hills natural-gas plants in Pennsylvania added about 2.2 GW of capacity and established Capital Power’s presence in the PJM market, with the transaction valued at approximately US$2.2 billion (source: capitalpower.com). Additionally, the East Windsor Expansion, a 106-MW natural-gas project in Ontario, was under development with commercial operation expected in 2026 (source: capitalpower.com). Utility-scale solar projects such as Hornet Solar, Bear Branch Solar, and Maple Leaf Solar in North Carolina are also underway, targeting commercial operation in the second half of 2026 (source: capitalpower.com).
Recent developments
In June 2025, Capital Power completed a major acquisition of the Hummel and Rolling Hills natural-gas facilities, adding approximately 2.2 GW of capacity and expanding its footprint into the PJM market, significantly increasing exposure to U.S. capacity and energy markets (source: capitalpower.com). The Halkirk 2 Wind project was commissioned in December 2025, alongside the completion of 170 MW of battery storage capacity in Ontario, further diversifying the company’s renewable and storage portfolio (source: capitalpower.com). Contract extensions were secured for the Midland Cogeneration Venture through 2040 and Arlington Valley through 2038, providing long-term revenue visibility (source: capitalpower.com). Financially, 2025 was a growth year with revenue of C$3.720 billion, adjusted EBITDA rising to C$1.580 billion, and adjusted funds from operations increasing to C$1.066 billion, reflecting the company’s expanding scale and operational performance (source: capitalpower.com).
Working there
Capital Power offers a wide range of roles spanning engineering, power-plant operations, maintenance, construction, project development, commercial trading, market analytics, finance, accounting, IT, legal, procurement, human resources, communications, regulatory affairs, environmental services, and corporate strategy, reflecting its diverse operational and corporate functions (source: capitalpower.com). The company’s main Canadian employment hub is in Edmonton at EPCOR Tower, with additional corporate offices in Calgary, Phoenix, and Washington, D.C., while operational and project roles are distributed across generation facilities and development sites in Canada and the U.S. (source: capitalpower.com). Capital Power emphasises a culture of safety, wellbeing, diversity, community involvement, and professional growth, offering benefits such as flexible and affordable employee benefits, retirement savings plans, performance-based bonuses, paid time off, and comprehensive training and career development programmes (source: indeed.com). The company’s purpose, "Powering Change by Changing Power," reflects its commitment to evolving energy markets and supporting employee development across technical and corporate roles (source: capitalpower.com).