15:48:04 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Capital Power Corp
Symbol CPX
Shares Issued 129,077,645
Close 2024-03-13 C$ 37.58
Market Cap C$ 4,850,737,899
Recent Sedar Documents

FP/CP say Capital Power sees need for certainty

2024-03-14 07:48 ET - In the News

The Financial Post reports in its Thursday edition that Alberta's electricity market is headed for a major shake-up, but some industry players fear a lengthy period of uncertainty could scare away badly needed investment in power generation. A Canadian Press dispatch to the Post reports that power companies have been awaiting more details of a plan for Alberta's electricity grid. On Monday, companies received more details. At a power industry conference in Banff, Alberta Electric System Operator chief executive officer Mike Law said his organization has been tasked by the provincial government with drafting the design for a restructured energy market by this fall. He said the aim is to have new electricity market rules in effect in Alberta by 2027. Mr. Law says, "The status quo is not sustainable, and we need to act now to restructure our energy market so it can meet our current, but also our future needs. With government's direction now received, our immediate next steps involve collaborating closely with stakeholders to build out the detailed design." Capital Power says it is pleased the province has committed to retaining the energy-only system, but said investor certainty remains of paramount importance.

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