Ms. Katherine Perron reports

CAPITAL POWER HOSTS 2024 GUIDANCE WEBCAST ON JANUARY 16

Capital Power Corp. will host a webcast to share its 2024 guidance, including its corporate priorities, targets and assumptions for the year. Management will host the webcast at 2:30 p.m. MT (4:30 p.m. ET) on Tuesday, Jan. 16.

Webcast

• An archive of the webcast will be made available following its conclusion.

Territorial acknowledgement

In the spirit of reconciliation, Capital Power respectfully acknowledges that it operates within the ancestral homelands, traditional and treaty territories of the indigenous peoples of Turtle Island, or North America. Capital Power's head office is located within the traditional and contemporary home of many indigenous peoples of the Treaty 6 Territory and Metis Nation of Alberta Region 4. The company acknowledges the diverse indigenous communities that are located in these areas and whose presence continues to enrich the community.

About Capital Power Corp.

Capital Power is a growth-oriented power producer committed to net zero by 2045. The company's balanced approach to the energy transition prioritizes reliable, affordable and decarbonized power that communities across North America can depend on.

Capital Power owns approximately 7,700 MW (megawatts) of power-generation capacity at 30 facilities across North America. Projects under construction include approximately 140 MW of renewable generation capacity and 512 MW of incremental natural gas combined cycle capacity from the repowering of Genesee 1 and 2 in Alberta, as well as approximately 350 MW of natural gas and battery energy storage systems in Ontario and approximately 70 MW of solar capacity in North Carolina in advanced development.