Ms. Katherine Perron reports

CAPITAL POWER DECLARES DIVIDENDS FOR ITS COMMON AND PREFERENCE SHARES

The board of directors for Capital Power Corp. has declared a dividend of 65.19 cents per share on the outstanding common shares for the quarter ending Dec. 31, 2024. The dividend is payable on Jan. 31, 2025, to shareholders of record at the close of business on Dec. 31, 2024.

The board of directors has also declared dividends on the cumulative rate reset preference shares, as shown in the attached table.

The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.

About Capital Power Corp.

Capital Power is a growth-oriented power producer with approximately 9,300 megawatts of power generation at 32 facilities across North America. The company prioritizes safely delivering reliable and affordable power communities can depend on, building clean power systems, and creating balanced solutions for the energy future. Capital Power is Powering Change by Changing Power.