2015 President & CEO Message

Brian Vaasjo
PRESIDENT & CEO

​Power Forward

Agility. Competence. Action.

In 2015, momentum increased toward global sustainability and decarbonization. We are committed to power forward to a lower- carbon future, while remaining a productive, profitable, integrated power generator. Success stems from working collectively and collaboratively to deliver results.

In 2015, Capital Power delivered on its corporate priorities, participated in climate change consultations in Alberta, and celebrated a number of accomplishments, including achieving our best health, safety and environmental incidents performance to-date, and being recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights magazine for a sixth straight year.

On behalf of all of us at Capital Power, we are proud to share our 2015 Corporate Responsibility Report, Power Forward. This report reflects our performance, accomplishments, challenges, and passion for our business.

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Transforming generation and producing cleaner power

We are responsible stewards of the environment, building our power generation capabilities with energy-efficient technology and low-carbon fuel sources. We look to transform generation and enable cleaner energy.

Production from our renewable energy portfolio has increased to 17% in 2015 from 4% in 2011, and our overall emissions have decreased by over 9% since 2011, reflecting our transition to a lower-emissions generation fleet.

In 2015, Capital Power added 505-megawatts of owned generation capacity by bringing three new projects online utilizing natural gas, wind, and solar generation. These facilities represent the generation supply of the future as markets transition to a mix of natural gas and renewables. Since 2012, we have added five wind facilities and a solar facility to our fleet. In 2016, we will begin construction of the 178-megawatt Bloom wind facility in Kansas, U.S.

We were deeply engaged in climate change discussions in Alberta, and submitted a comprehensive plan to the government’s Climate Leadership Panel. Elements of Alberta’s Climate Leadership Plan to grow renewables and maintain Alberta’s electricity market reflect the expert advice submitted by a cross-functional team at Capital Power.

We continue to optimize our facilities’ performance to minimize emissions and support climate action while providing reliable power to homes and businesses where we operate. We exceeded our plant availability target, achieving 95% availability in 2015.

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People are the path to sustainability

Our power is our team. It’s with their input that we are able to develop innovative solutions to move to a lower-carbon economy, run safe, reliable and competitive operations, and support our communities and engaged culture.

Nothing matters more to us than employee safety, and we achieved our best-ever results in 2015. Since the launch of Zero Means Everything in April 2013, we’ve continued to make significant progress on our goal of creating a culture of environmental responsibility and zero injuries and environmental incidents. For the second consecutive year, we earned national safety recognition from the Canadian Electricity Association for our safety performance.

To build a strong and engaged work culture, we invest in learning and development programs for employees. In 2015, we improved access to such programs and launched Blueprint, a new learning management system that is online, available 24/ 7, and contains essential and development courses all in one location.

Giving to the communities where we live and work, through corporate investment programs and the efforts of our exceptional people, is core to Capital Power. We launched GENerosity, our new matched giving program that allows employees to give to causes and organizations important to them and to have the company match their support. In its first year, more than 280 employees participated, which led to a $297,150 investment in 134 charities throughout North America.

Actions drive results

Based on our actions, we were finalists in Alberta Venture magazine’s Best Workplaces awards program for Health and Safety and earned recognition as one of Alberta’s Top 70 Employers by the editors of Canada’s Top 100 Employers. This inspires us to work even harder.

We remain committed to earning and sustaining your trust and hope this report serves its purpose of helping you to judge us—not just by what we say we will do, but by our consistent actions and behaviour now, and for many years to come.

We are open to feedback and encourage you to let us know how you think we’re doing and to provide your thoughts on how we can improve.

Thank you for your interest in Capital Power. We look forward to hearing from you. 

Brian Vaasjo