Reducing Emissions and Improving Thermal Generation Efficiency
As part of our pathway to be net zero by 2045, we’re working to optimize our thermal assets to improve efficiency and environmental performance. We invest our time and expertise to ensure all our facilities achieve operational excellence and reliably support our communities, businesses and critical services with responsible power. Some examples of our initiatives include:
At our Genesee Generating Station in Alberta, we’ve implemented our industry-leading Genesee Performance Standard (GPS), an efficiency improvement program to reduce carbon emissions. The program targets a 12% reduction in emissions by 2023 in the lead up to our facility-wide transition off coal.
At our Decatur Energy Center in Alabama, we’ve upgraded the facility’s three combustion turbines to increase capacity, improve heat rate and fuel efficiency, and maintain reliability. The upgrades resulted in 90 MW of additional capacity for the facility and are also expected to improve environmental performance through reduced emissions. These upgrades contributed to a 10-year extension to our existing contract for the site through 2032.
Capital Power announces a C$350 million medium term note offering
Capital Power announced today that it has priced a public offering in Canada of unsecured medium term notes in the aggregate principal amount of C$350 million (the “Offering”). The notes have a cou...
Genesee: The Heart of Alberta’s Decarbonized Future
Located west of Edmonton, Capital Power’s Genesee Generating Station has provided reliable baseload generation for decades. Today, the facility is undergoing a $1.35 billion transformation to move ...
Capital Power announces a 6% dividend increase for its common shares and declares dividends for its Preference shares
The Board of Directors for Capital Power declared a dividend of $0.615 per share on the outstanding common shares for the quarter ending September 30, 2023. The dividend is payable on October 31, 2...