In keeping with contemporary practices in good corporate governance, immediately following the completion of the initial public offering, Capital Power will have a board of 12 directors, nine of whom will be independent for the purposes of National Instrument 58-101. The Board of Directors operates under a formal Terms of Reference document, which was included as an appendix to the final prospectus.

To ensure the alignment of interests with shareholders, the directors and named executive officers are subject to share ownership guidelines as indicated in the final prospectus.

Committees of the Board include the Audit Committee and Corporate Governance, Compensation and Nominating (CGCN) Committee – both of which will be composed of a majority of independent directors and have written mandates – as well as the Environmental, Health and Safety Committee and Keephills 3 Oversight Committee.

Donald Lowry, Chairman, EPCOR Nominee
President and CEO of EPCOR Utilities Inc. and Chairman of CPILP; previously President and Chief Operating Officer of Telus; Director, Canadian Oil Sands Trust

Brian Vaasjo
President and CEO of Capital Power Corporation; previously Executive Vice President and Chief Operating Officer of EPCOR Utilities Inc.

Albrecht Bellstedt
Chairman and Director of The Churchill Corporation; Lead Director of Forzani Group; former General Counsel, EVP Law and Corporate, of TransCanada Corporation

William Bennett
Director of TD Bank Financial Group; former President and CEO of Draper & Kramer

Brian Bentz
Former President, Oilsands and Mining, AMEC, plc; Director of MacDonald, Dettwiler and Associates Ltd.

Hugh Bolton EPCOR Nominee
Non-executive chair of the Board of Directors of EPCOR Utilities Inc.; Chairman of Matrikon; Director of Canadian National Railway, Teck, WestJet Airlines Ltd., and TD Bank Financial Group

Richard Cruickshank
Partner at Fraser Milner Casgrain, focusing on tax advisory; former President, Edmonton Bar Association

Philip Lachambre
Director of Flint Energy Services; former EVP and CFO of Syncrude Canada

Brian MacNeill
Chairman of Petro Canada; Director of West Fraser, Telus; former CEO of Enbridge

Allister McPherson EPCOR Nominee
Director, The Churchill Corporation; previously Deputy Treasurer, Province of Alberta; former EVP, Canadian Western Bank

Robert Philips EPCOR Nominee
President, K.L. Phillips Investment Inc.; previously President and CEO BCR Group of Companies; practiced corporate law for 15 years

Janice Rennie
Director of Greystone Capital Management, Teck, Matrikon, Methanex and West Fraser; former SVP HR and Organizational Effectiveness, for EPCOR