01:52:38 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Capital Power Corp
Symbol CPX
Shares Issued 117,682,621
Close 2024-01-17 C$ 36.88
Market Cap C$ 4,340,135,062
Recent Sedar Documents

NP says Capital Power has nuclear plan to help Alberta

2024-01-18 07:46 ET - In the News

The National Post reports in its Thursday, Jan. 18, edition that Alberta residents on the weekend were told to reduce power consumption or face rolling blackouts. The Post's Jesse Kline writes that demand for electricity in the province reached an all-time high on Thursday, but supply was able to keep pace until a cold weather system that gripped much of western North America led to a confluence of events that threatened to destabilize the grid. Mr. Kline says the federal regulations designed to electrify transportation and home heating, coupled with clean electricity regulations intended to phase out fossil-fuel generation, will exacerbate the problem in the coming years. Alberta Premier Danielle Smith has promised to fight Ottawa's net-zero electricity regulations and there is no guarantee the Liberals will be in power long enough to see them through. On Monday, Capital Power announced an agreement with Ontario Power Generation to "jointly assess the development and deployment of grid-scale small modular (nuclear) reactors" in Alberta. The province currently only has a handful of battery storage facilities and will need many more if it hopes to supply sufficient power to the grid during peak times.

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