Capital Power Corp (CPX-PE.TO)
- The Canadian Press
Capital Power pulls plug on proposed $2.4B carbon capture and storage project
Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant. The company says it has decided the project is technically viable but not economically feasible. Capital Power says it may explore carbon capture and storage again in the future as economics improve. The company has set the goal of achieving net-zero greenhouse gas emissions by 2045. Alberta's electricity grid is heavily depen
- GlobeNewswire
Capital Power announces first quarter 2024 results
Genesee Repowering project hits major milestonesEDMONTON, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended March 31, 2024. Financial highlights Generated adjusted funds from operations (AFFO) of $142 million and net cash flows used in operating activities of $334 millionGenerated adjusted EBITDA of $279 million and a net income of $205 million Strategic highlights Successful commissioning began on Genesee repowe
- GlobeNewswire
Capital Power declares dividends for its Common and Preference shares
EDMONTON, Alberta, April 30, 2024 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.615 per share on the outstanding common shares for the quarter ending June 30, 2024. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024. The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares: SharesTSX Stock SymbolDividend Per
