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Spending on AI by hyperscalers is expanding so dramatically that electricity supply is becoming part of the investment story. A pertinent example is Meta Platforms (NASDAQ:META) and its planned C$13 billion data center in Alberta, which would be the company’s first data center in Canada. The 1-gigawatt facility is expected to support the company’s growing […]
Our government believes sport is our ultimate nation builder; a country that comes together through sport is a country united. That's why, through the Spring Economic Update, we made a generational $1-billion investment in sport, the largest in our nation's history, to strengthen our sport system, support athletes, increase participation and bring more world-class events to Canada.
Anchor private-sector sponsorship helping turn Canada’s ‘Playground to Podium’ vision into action Capital Power proposes a sponsorship of $5 million in the first year of its planned partnership with Alpine Canada, followed by up to $20 million of additional support over a proposed five-year term.The Government of Canada applauds this private-sector investment and is also announcing $2.77 million in supplemental funding for Alpine Canada building on their support to date and bringing Alpine Canad
CALGARY, Alberta, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Capital Power and Alpine Canada, joined by the Government of Canada, will make a major announcement on Friday, September 11, on the future of Canadian winter sport. The announcement will include remarks from Avik Dey, President & CEO, Capital Power; Andrew Baker, incoming President & CEO, Alpine Canada; and the Honourable Adam van Koeverden, Secretary of State (Sport). Members of Canada’s National Ski Team will be in attendance including Camer
CALGARY, Alberta, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Capital Power and Alpine Canada, joined by the Government of Canada, will make a major announcement on Friday, September 11, on the future of Canadian winter sport. The announcement will include remarks from Avik Dey, President & CEO, Capital Power; Andrew Baker, incoming President & CEO, Alpine Canada; and the Honourable Adam van Koeverden, Secretary of State (Sport). Members of Canada’s National Ski Team will be in attendance including Camer
BC Hydro’s agreement to acquire the 275 MW Island Generation facility from Capital Power (TSX:CPX) puts fresh attention on the stock. The sale ties into rising electricity demand in British Columbia. See our latest analysis for Capital Power. At a recent share price of CA$64.58, Capital Power has seen the share price fall 11.43% over the past month and 4.64% over the past week. Over a longer horizon, the year to date share price return of 7.17% and one year total shareholder return of 14.04%...
The acquisition of the natural gas-fired facility aims to address increasing electricity demand throughout BC, Canada.
Capital Power (TSE:CPX) said its second-quarter results reflected higher generation, contributions from its expanded PJM platform and continued commercial optimization, while management raised its estimate of annual adjusted EBITDA upside embedded in its existing portfolio to approximately C$1.25 bi
EDMONTON, Alberta, July 29, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended June 30, 2026. Highlights In July, entered into a long-term Energy Supply Agreement for 250 megawatts of capacity and energy with Meta Platforms, Inc. for a data centre in AlbertaGenerated net cash flows from operating activities of $214 million and adjusted funds from operations (AFFO)1 of $328 millionGenerated a net loss of $43 million and adjusted EB
EDMONTON, Alberta, July 28, 2026 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.7048 per share on the outstanding common shares for the quarter ending September 30, 2026. The dividend is payable on October 30, 2026 to shareholders of record at the close of business on September 29, 2026. The quarterly dividend of $0.7048 per common share represents a 2% increase from the previous dividend of $0.6910 per common share
The 1 GW facility in Sturgeon County is Meta's first in Canada
The 1-gigawatt facility in Sturgeon County will be Meta's largest data center outside the U.S. and its 33rd globally
The agreement enables Capital Power to continue commercial activities at its Genesee site.
Capital Power (CPX.TO) said Wednesday it entered a long-term energy supply agreement to provide 250
Agreement positions Capital Power as a hyperscale energy partner of choice with 250 MW for Meta's Sturgeon County data centre – powering Alberta's rise in the North American AI economyEDMONTON, Alberta, July 08, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or the “Company”) (TSX: CPX) today announced it has entered into a long-term (greater than 10 years) Energy Supply Agreement (“ESA”) for 250 megawatts (“MW”) of capacity and energy in support of a data centre in Sturgeon
A local oil producer’s proposal to develop a data center in western Kern County is part of a larger discussion of how to integrate the region’s power generation, carbon storage assets, natural gas reservoirs and available land. California Resources Corp. first mentioned the possibility of building a data center in the region when in November it announced a memo of understanding with the ...
EDMONTON, Alberta, May 05, 2026 (GLOBE NEWSWIRE) -- Barry Perry, Chair of the Board for Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX), is pleased to announce the appointment of Julie Sloat to the Company’s Board of Directors (“the Board”) effective May 15, 2026. Julie Sloat is a professional director with more than 30 years of leadership experience in the North American energy and utilities sector. She previously served as Chair, President and Chief Executive Officer of
The analysts covering Capital Power Corporation ( TSE:CPX ) delivered a dose of negativity to shareholders today, by...
Capital Power (TSE:CPX) executives used the company’s first-quarter 2026 earnings call to emphasize portfolio resilience, diversification, and what management described as a growing runway for value creation through recontracting, upgrades, and disciplined investment across North American power mark
Why Capital Power is on investors’ radar today Capital Power (TSX:CPX) has drawn fresh interest after recent share price moves and updated return figures. This is prompting investors to reassess its valuation and role in a diversified income focused utilities portfolio. See our latest analysis for Capital Power. Recent trading has been choppy, with a 4.2% one-day share price gain to CA$64.99 following a softer 30-day share price return of 1.37%. The 1-year total shareholder return of 28.66%...
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