Genesee Station Overview
Located west of Edmonton near Warburg, AB, the Genesee Generating Station consists of Units 1, 2 and 3 which provide over 1,300 MW of baseload generation. Genesee Units 1 & 2 and Genesee Unit 3 use different technologies to provide responsible energy for tomorrow.
Genesee 1 & 2 is subject to a Power Purchase Agreement (PPA) with the Alberta Balancing Pool, which is in effect until December 31, 2020. Under these terms, the Balancing Pool is entitled to the power produced by G1 and G2, up to their committed capacity. Costs associated with compliance with changes in environmental regulation are passed through to the PPA holder under a change of law provision. Generation in excess of committed capacity is managed as part of Capital Power’s Alberta electricity portfolio optimization activities. Long-term, contracted cash flows from this project, together with low fuel-supply risks, contribute to the overall financial stability of Capital Power’s portfolio of assets. At the facility, Unit 2 was commissioned in 1989 and Unit 1 in 1994.
- Excellent operating history and high availability
- Units regularly run at or near full production capacity
- We’re maximizing the flexibility of the units to utilize both natural gas and coal as fuel, which reduces emissions and increases flexibility to respond to market conditions.
Genesee Generating Station consists of some of Alberta’s youngest and most efficient thermal generations units. This reliable facility supports the Alberta energy market with baseload power supply and contributes to the economic well-being of the community it operates in. Work in recent years to improve plant efficiencies have made Genesee a world leader in the application of existing technologies resulting in a reduction of CO2 emissions by as much as 10%.
VP, Solid Fuels
Funding Disciplined Growth to Build Shareholder Value
At a high level, our capital allocation strategy allows us to fund growth by taking 50% of our free cash flow over the long-term and provide that back to investors in the form of dividends, while u...
Capital Power announces $275 million medium term note offering
EDMONTON, Alberta – Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has priced a public offering in Canada of unsecured medium term notes in the aggregate principal am...
Capital Power to host annual Investor Day event
EDMONTON, Alberta – Capital Power (TSX: CPX) will be hosting its 11th annual Investor Day event in Toronto. Members of the executive leadership team will present on various topics including the exe...
Capital Power reports solid third quarter 2019 results
Results highlighted by record cash flow generation in the quarter driven by the execution of the Company’s growth strategy
EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended September 30, 2019. Third Quarter Highlights Achieved excellent operating perfo...
Capital Power declares dividends for its Common and Preference shares
The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.48 per share on the outstanding common shares for the quarter ending December 31, 2019. The...
Creating the Power Company of Tomorrow
Read our blog from Mark Zimmerman, Senior Vice President, Corporate Development and Commercial Services.
Capital Power announces date for release of its third quarter 2019 financial results and analyst conference call
Capital Power Corporation (TSX: CPX) will release its third quarter 2019 results before the markets open on October 28, 2019. Management will host a conference call with analysts on the same day a...
Capital Power assumes 100% ownership and control of Genesee Generating Station following divestiture of its interest in Keephills 3
Capital Power announced today it has completed the transaction to acquire TransAlta Corporation’s (“TransAlta”) 50% share of the Genesee 3 generation unit (“G3”) and divest its 50% share of the Ke...
Powered by People: Why HR is an Enabler of Business Success
Read our blog from Jacquie Pylypiuk, Vice President, Human Resources
Media and government stakeholders get firsthand look at construction progress of Whitla Wind
As construction of the Whitla Wind project progresses, Capital Power hosted local media and government officials for a tour of the project site on August 15, 2019.