In December 2012, Capital Power and ENMAX Corporation signed a joint agreement to build, own, and operate the 800 MW Shepard Energy Centre in Calgary, Alberta. Commercial arrangements for the facility with ENMAX include a 20-year tolling contract where 75% of Capital Power’s capacity is contracted from 2015 to 2017 and 50% thereafter to 2035. ENMAX operates the facility and Capital Power’s Energy Management Operations Centre (EMOC) administers the dispatch of electrical output with each party having rights to their own blocks of power.
*800 MW facility jointly owned by Capital Power and ENMAX Corporation
- Facility produces energy from two natural gas turbines and one steam turbine
- Natural gas turbines are each capable of producing 240 MW of power, and the steam turbine is capable of producing up to 320 MW
- Waste heat produced from the natural gas turbines is captured and used to produce steam for the third turbine
- Turbine configuration makes the gas-fueled facility approximately 30% more efficient than conventional coal plants, all while reducing overall fuel costs
- Emits less than half the CO2 emissions per MW hour of a conventional coal plant as well as fewer carbon monoxide, sulphur dioxide and nitrogen dioxide gases
- Facility cooling towers use reclaimed water from The City of Calgary’s Bonnybrook Wastewater Treatment Plant
- This is the first facility in Canada to use Mitsubishi’s G-Class turbine technology and is currently the lowest-cost, non-cogeneration, natural-gas generator in Canada
NRG COSIA Carbon XPRIZE – Generating Even Greater Innovation
Shephard Energy Centre is already showing how innovation can lead to more effective, efficient and environmentally friendly ways to generate electricity. Thanks to NRG and Canada’s Oil Sands Innovation Alliance’s (COSIA) Carbon XPRIZE, Shepard is home to leading research in how CO2 emissions can be converted into other useful products.
The competition is hosted at the Alberta Carbon Conversion Technology Centre (ACCTC) in the Shepard facility. The ACCTC is an exciting collaboration between the governments of Canada and Alberta, Canada’s Oil Sands Innovation Alliance (COSIA), Shepard, InnoTech Alberta and academia for accelerating CO2 reduction, carbon utilization and value-added economic development. Shepard is the only operating natural gas-fueled power plant in the world where advanced carbon utilization technologies can be demonstrated by companies in a full-scale production environment; a critical step for innovators globally to bring their breakthrough technology to market.
Shepard emits less than half the CO2 per MW of conventional coal plants already and the research supported by NRG COSIA Carbon XPRIZE is using that CO2 to unlock innovation that will lead to new, valuable uses for carbon emissions.
We are pleased to work with ENMAX on the Shepard facility. It is an excellent fit with our business strategy and strengthens our position in Alberta, where we have extensive experience and a well-established portfolio of assets.
President and CEO
Capital Power celebrates 10 years of delivering responsible energy
EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) celebrates its 10th anniversary, marking a decade of disciplined growth, sustainability and providing value to its shareholders. Over the...
Capital Power announces its second quarter 2019 financial results release date
EDMONTON, Alberta – Capital Power Corporation (TSX: CPX) will release its second quarter 2019 results before the markets open on July 29, 2019. Management will host a conference call with analysts ...
Celebrating 10 Years of Responsibility
I am very pleased to be celebrating Capital Power’s 10th anniversary, this marks a major milestone in our history and an exciting stepping stone into our future as a company. Over the past decade, ...
Capital Power accelerates plans for natural gas capability at the Genesee facility
Dual-fuel optionality expected to significantly increase cash flow and further reduce emissions EDMONTON, Alberta – Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced to...
Capital Power completes $325 million Canadian dollar private placement of senior notes
EDMONTON, Alberta – Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced today that it has closed a $325 million private placement of senior notes. The net proceeds from th...
Capital Power named one of Canada’s ‘Best 50 Corporate Citizens’ for ninth consecutive year
EDMONTON, Alberta – Capital Power is pleased to announce it is again ranked among Corporate Knights' 2019 Best 50 Corporate Citizens in Canada. This marks the ninth consecutive year that Capital Po...
Capital Power completes acquisition of Goreway Power Station
Acquisition materially increases contracted adjusted EBITDA and is immediately accretive to adjusted funds from operations per share EDMONTON, Alberta – Capital Power Corporation (Capital Power ...
Capital Power declares dividend for its Preference Shares (Series 11)
EDMONTON, Alberta – May 16, 2019 - The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.1772 per share on its Cumulative Minimum Rate Reset Pref...
Capital Power announces closing of $150 million offering of 5.75% Cumulative Minimum Rate Reset Preferred Shares
EDMONTON, Alberta – Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has closed its previously announced offering of 6,000,000 Cumulative Minimum Rate Reset Preference ...
Capital Power announces the exercise of over-allotment option by Underwriters in subscription receipt offering
EDMONTON, Alberta – Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced today that the underwriters (the Underwriters) co-led by RBC Capital Markets and TD Securities have...