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Capital Power Corporation
Capital Power announces closing of the 284 megawatt contracted thermal portfolio acquisition from Veresen Inc.



April 19, 2017

Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced that it has successfully completed the acquisition of Veresen Inc.'s two gas-fired generation facilities in Ontario.

"The addition of these high-quality natural gas facilities that are under long-term contracts will enhance our contracted cash flow profile and diversify our existing asset fleet," said Capital Power's President and CEO, Brian Vaasjo.

The acquisition, announced on February 21, 2017, also included two waste heat facilities with 10 MW of combined capacity that are located on Spectra's BC natural gas pipeline. This portion of the acquisition remains subject to the satisfaction of closing conditions, the work for which is continuing.

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns approximately 3,500 megawatts of power generation capacity at 20 facilities across North America. More than 700 megawatts of owned generation capacity are in advanced development in Alberta and under construction in Kansas.

Contact Information

For more information, please contact:

Media Relations:
Michael Sheehan
(780) 392-5222
msheehan@capitalpower.com

Investor Relations:
Randy Mah
(780) 392-5305 or (866) 896-4636 (toll-free)
investor@capitalpower.com

For more information:

Organization:
Capital Power Corp.

Address:
505 2nd St SW
Calgary, Alberta
Canada, T2P 1N8
www.capitalpower.com
Tel: 403-717-4600


Link http://www.electricenergyonline.com/detail_news.php?ID=632946
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