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Capital Power Corporation

Brief description:

Capital Power Corporation (TSX: CPX) is a publicly traded power generation company based in Edmonton, Alberta, Canada. 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.

Capital Power Corporation retains 30.6% ownership of Capital Power Income L.P. which has full ownership of 21 power generation assets in Canada and the United States.