CAPITAL POWER CORPORATION
Capital Power Corporation is a publicly traded, independent power-generation company incorporated on 1 May 2009 under the Canada Business Corporations Act (CBCA) — federal Canadian legislation, not the Alberta Business Corporations Act despite its Alberta head office — with its registered and principal office at Suite 1200, 10423 – 101 Street NW, Edmonton, Alberta, Canada, T5H 0E9. Corporations Canada records the company under federal corporation number 716657-5 (matching the “7166575” number on file; originally incorporated as “7166575 Canada Inc.” and renamed Capital Power Corporation on 6 May 2009), with current status shown as active. Capital Power Corporation’s common shares trade on the Toronto Stock Exchange under ticker CPX.
Capital Power Corporation develops, owns and operates a North American power-generation portfolio of approximately 12 gigawatts of capacity across 35 facilities in Canada and the United States, fuelled by natural gas, wind, solar and battery energy storage, selling electricity into wholesale and contracted markets. In Canada, Capital Power Corporation holds ownership interests in 21 commercial facilities representing roughly 5,102 MW of capacity, generating from natural gas, wind, solar, waste heat and landfill gas.
Capital Power Corporation traces its origin to a 2009 initial public offering and reorganization in which Capital Power L.P. acquired substantially all of the power-generation assets of EPCOR Utilities Inc., the City of Edmonton-owned utility, under a Master Separation Agreement dated 25 June 2009. For the consolidated financial year ended 31 December 2025, Capital Power Corporation reported revenue and other income of C$3,720 million, adjusted EBITDA of C$1,580 million (up 18% year over year), and net income attributable to shareholders of approximately C$159 million; adjusted funds from operations were C$1,066 million. As at 31 December 2025, Capital Power Corporation employed 731 people (502 in Canada, 229 in the United States). Recent developments include the 2025 acquisition of the Hummel and Rolling Hills U.S. flexible-generation facilities (approximately 2.2 GW, PJM market) for about C$3.0 billion, a December 2025 memorandum of understanding with Apollo Global Management to jointly pursue further U.S. natural-gas acquisitions, commercial start-up of the York and Goreway battery-storage systems in Ontario during 2025, and the January 2026 extension of the Arlington Valley tolling agreement to 2038 with a planned 35 MW capacity uprate.
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Shareholders
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EPCOR Utilities Inc., the City of Edmonton-owned utility that carried out Capital Power Corporation’s 2009 spin-out, progressively reduced its holding through secondary share offerings: from a 72.2% residual interest at the 2009 IPO to roughly 19% by 2013 and to approximately 9% of common shares following a C$225 million offering and conversion of its last exchangeable limited partnership units on 2 April 2015. Capital Power Corporation’s 2025 Annual Information Form and 2026 Management Proxy Circular do not list EPCOR among current shareholders, and on 23 February 2026 EPCOR’s remaining governance instrument — a Special Limited Voting Share tied to the companies’ Social Objectives Agreement — was assigned back to Capital Power Corporation and cancelled, with EPCOR removed entirely as a party to that agreement. No filing reviewed explicitly states a 0% EPCOR position. Share-register data compiled by Zavia’s data provider (verified 2 August 2026) show the largest current holders as passive index funds, each under 14%: Avantis International Small Cap Value ETF (13.5%), Fidelity Advisor Multi-Asset Income Fund (6.5%), Schwab International Small-Cap Equity ETF (4.3%), Avantis International Equity ETF (3.7%) and Dimensional International Small Cap ETF (3.4%).
Ultimate beneficial ownership
No single shareholder is currently disclosed as controlling Capital Power Corporation. Given EPCOR’s apparent full exit from disclosed shareholding and its cancelled governance instrument, the indirect municipal-ownership link to the City of Edmonton that existed via EPCOR’s founding stake does not appear to persist at a reportable level; this is inferred from the absence of disclosure rather than a confirmed nil holding.
Canadian securities rules do not require public disclosure of all institutional holdings below the takeover-bid threshold (20%), so the index-fund percentages above should be treated as a data-provider snapshot rather than a definitive registry of beneficial owners.
Sources
- Capital Power Corporation, 2025 Annual Information Form, filed March 2026 — capitalpower.com (retrieved 9 September 2026)
- Capital Power Corporation, 2026 Management Proxy Circular, dated March 2026 — capitalpower.com (retrieved 9 September 2026)
- Capital Power Corporation and EPCOR, “Capital Power and EPCOR Announce Completion of $225 Million Secondary Offering of Common Shares and Closing of Exercise of Over-Allotment Option,” 2 April 2015 — capitalpower.com (retrieved 9 September 2026)
Registry feed — rows exactly as filed with Alberta Corporate Registry, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| American Century ETF Trust-Avantis International Small Cap Value ETF | 13.5% | Alberta Corporate Registry | |
| Fidelity School Street Trust-Fidelity Advisor Multi-Asset Income Fund | 6.5% | Alberta Corporate Registry | |
| SCHWAB STRATEGIC TRUST-Schwab International Small-Cap Equity ETF | 4.3% | Alberta Corporate Registry | |
| American Century ETF Trust-Avantis International Equity ETF | 3.7% | Alberta Corporate Registry | |
| Dimensional ETF Trust-Dimensional International Small Cap ETF | 3.4% | Alberta Corporate Registry |
Officers
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The board is chaired by Barry Perry (independent, director since 1 March 2021), who becomes Chair on 28 April 2026, succeeding outgoing Chair Jill Gardiner (director since 25 May 2015). Other 2026 nominees: Gary Bosgoed, Carolyn Graham, Kelly Huntington, Jane Peverett, Neil H. Smith (director since 15 May 2024), Keith Trent and George Williams; Avik Dey, President & CEO, is the only non-independent nominee.
Named executive officers for fiscal 2025: Avik Dey (President & CEO since 8 May 2023); Sandra Haskins (Senior VP, Finance & CFO, retired 31 December 2025 after 23+ years); Steven Wollin (Senior VP, Chief Operating Officer); Pauline McLean (Senior VP, External Relations, Chief Legal Officer & Corporate Secretary); Jason Comandante (Senior VP, Supply & Trading, appointed 29 August 2023). Kevin MacIntosh became CFO effective 16 March 2026 (announced 19 February 2026), after an interim period under the Chief Accounting Officer and Treasurer.
On-file titles for Jason Comandante (“Senior VP & Head of Canada”) and Steve Wollin (“Senior VP of Operations”) are superseded by the proxy-circular titles above. Neil H. Smith is confirmed as a sitting independent director; his Weston, Massachusetts address on file is a correspondence address only, not indicative of nationality or residence — the 2026 proxy circular lists Indian River Shores, Florida. Roger C. Huang (VP, Corporate Development & U.S. Renewables) is a management title not separately confirmed as a director.
Sources
- Capital Power Corporation, 2026 Management Proxy Circular, March 2026 — capitalpower.com (retrieved 9 September 2026)
- Capital Power Corporation, “Capital Power reports fourth quarter and year-end 2025 results” — capitalpower.com (retrieved 9 September 2026)
Registry feed — rows exactly as filed with Alberta Corporate Registry, including entries the profile above does not cover.
Group Structure
Capital Power Corporation is the TSX-listed (CPX) ultimate parent of the group. Its principal operating subsidiary is Capital Power L.P. (Ontario), through which Capital Power Corporation indirectly holds 100% of CPLP’s partnership interests as at 31 December 2025. Beneath CPLP sit project-level entities by jurisdiction: in Canada, Alberta partnerships including Capital Power (Alberta) Limited Partnership, Capital Power (Genesee) L.P., Capital Power (G3) Limited Partnership, Capital Power (Whitla) L.P. and CP Halkirk 2 L.P., plus the Ontario-based Goreway Station Partnership; in the United States, Delaware, Pennsylvania and Ohio entities including Arlington Valley LLC, CP Bloom Wind LLC, Cardinal Point LLC, Decatur Energy Center LLC, Hummel Station LLC and Rolling Hills Generating LLC. Unless noted, ownership is 100%; CP Bloom Wind LLC and Cardinal Point LLC each have Class A units held by outside tax-equity investors, the Joffre cogeneration facility (Alberta) is a joint venture with TransAlta (40%) and NOVA Chemicals (20%), Capital Power holding 40%, and Midland Cogeneration Venture (Michigan) is 50% owned by Manulife Investment Management.
EPCOR Utilities Inc., which spun the business out via a 2009 IPO and Master Separation Agreement, is a historical shareholder rather than a parent: Capital Power Corporation is not a subsidiary of EPCOR, whose disclosed stake fell to roughly 9% by 2015 and is absent from current filings. Main jurisdictions: Canada (Alberta, Ontario, British Columbia) and the United States. Information current as of the 2025 Annual Information Form (filed March 2026). Country availability: Canada, United States. Recent changes: Hummel/Rolling Hills U.S. acquisition completed (2025); York and Goreway battery-storage facilities commercially operational (2025); EPCOR’s remaining Special Limited Voting Share and Social Objectives Agreement role cancelled (23 February 2026).
- Capital Power Corporation (Canada, CBCA) — ultimate parent, TSX: CPX
- Capital Power L.P. (Ontario) — 100%-held operating partnership
- Joffre cogeneration JV (Alberta) — Capital Power 40% / TransAlta 40% / NOVA Chemicals 20%
- Midland Cogeneration Venture (Michigan, US) — Capital Power / Manulife Investment Management, 50/50
- EPCOR Utilities Inc. — historical shareholder (2009 spin-out parent), not a current parent or subsidiary
Sources
- Capital Power Corporation, 2025 Annual Information Form, filed March 2026 — capitalpower.com (retrieved 9 September 2026)
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Frequently Asked Questions
What is the exact legal name of this company?
The company's legal name is Capital Power Corporation.
In what jurisdiction is Capital Power Corporation incorporated?
It was incorporated on 1 May 2009 under the Canada Business Corporations Act (CBCA), a federal statute, not the Alberta Business Corporations Act, despite maintaining its head office in Edmonton, Alberta.
What is Capital Power Corporation's corporate registration number?
Corporations Canada lists it under federal corporation number 716657-5 (matching the "7166575" number on file). It was originally incorporated as "7166575 Canada Inc." before being renamed on 6 May 2009.
What is Capital Power Corporation's current status?
Active, per Corporations Canada's federal corporate registry.
Where is Capital Power Corporation's registered office?
Suite 1200, 10423 – 101 Street NW, Edmonton, Alberta, Canada, T5H 0E9.
What does Capital Power Corporation do?
It is an independent power producer that develops, owns and operates natural gas, wind, solar and battery-storage generation facilities across Canada and the United States, selling electricity into wholesale and contracted markets.
Is Capital Power Corporation publicly traded?
Yes. Its common shares trade on the Toronto Stock Exchange under the ticker CPX.
What were Capital Power Corporation's FY2025 financial results?
For the consolidated year ended 31 December 2025, revenue and other income was C$3,720 million, adjusted EBITDA was C$1,580 million (up 18% year over year), and net income attributable to shareholders was approximately C$159 million.
How much generating capacity does Capital Power Corporation have?
Approximately 12 GW across 35 facilities in Canada and the United States, fuelled by natural gas, wind, solar and battery energy storage. About 5,102 MW of that capacity is owned in Canada across 21 facilities.
How many people does Capital Power Corporation employ?
731 employees as at 31 December 2025 – 502 in Canada and 229 in the United States.
Who is the CEO of Capital Power Corporation?
Avik Dey has served as President & Chief Executive Officer since 8 May 2023, succeeding Brian Vaasjo.
Does EPCOR Utilities Inc. still own a stake in Capital Power Corporation?
EPCOR, which spun Capital Power out in 2009, reduced its holding through several secondary offerings to about 9% by April 2015. Current filings do not list EPCOR among Capital Power's shareholders, and EPCOR's last governance right (a Special Limited Voting Share) was cancelled in February 2026.
What major developments has Capital Power Corporation announced recently?
In 2025 it acquired the Hummel and Rolling Hills U.S. gas-fired facilities (about 2.2 GW) for roughly C$3.0 billion and signed a December 2025 MOU with Apollo Global Management to jointly pursue further U.S. gas acquisitions. In January 2026 it extended its Arlington Valley tolling agreement to 2038 with a planned capacity uprate.
Who chairs Capital Power Corporation's board of directors?
Barry Perry becomes Chair effective 28 April 2026, succeeding outgoing Chair Jill Gardiner.
What is CAPITAL POWER CORPORATION's company registration number?
CAPITAL POWER CORPORATION's registration number is 7166575, filed with Alberta Corporate Registry in Canada. Its current status on the register is active.
Is CAPITAL POWER CORPORATION still an active company?
CAPITAL POWER CORPORATION's status on Alberta Corporate Registry is listed as active.
When was CAPITAL POWER CORPORATION incorporated?
CAPITAL POWER CORPORATION was incorporated on 1 May 2009, according to Alberta Corporate Registry.
What is CAPITAL POWER CORPORATION's registered address?
The registered address on file for CAPITAL POWER CORPORATION is Edmonton, Canada.
What legal structure is CAPITAL POWER CORPORATION registered as?
CAPITAL POWER CORPORATION is registered as a Public Limited Company in Canada.
Can Zavia monitor changes to CAPITAL POWER CORPORATION's ownership over time?
This profile reflects a point-in-time snapshot from Alberta Corporate Registry. Zavia's monitoring API can track changes to CAPITAL POWER CORPORATION's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access CAPITAL POWER CORPORATION's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Canada, so records like CAPITAL POWER CORPORATION's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Alberta Corporate Registry and was last synced on 11 August 2026.