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The company history dates back to Edmonton Electric Lighting and Power Company formed in 1891. Previously named Edmonton Power, then EPCOR Generation , Capital Power was created through issuance of a 25% IPO by EPCOR Utilities in 2009 and has assets in Alberta, British Columbia, Ontario and the United States.
The decision to split EPCOR Utilities into two separate companies was made at a special meeting of Edmonton City Council held on April 17, 2009.
The creation of Capital Power and the transfer of assets from the City of Edmonton-owned utility EPCOR resulted in debate by local citizens group "Our Power".As of its initial public offering in 2009, Capital Power L.P. held a 49% voting interest and 100% economic interest in CPI Investments Inc., a holding company owning approximately 29.6% of the limited partnership units of Capital Power Income L.P., and 100% of the shares of the general partner of CPILP. CPILP held ownership interests in 21 power generation assets in Canada and the United States.On November 7, 2011, Atlantic Power Corporation acquired Capital Power Income L.P . As part of the arrangement, Capital Power acquired CPILP's Roxboro and Southport plants in North Carolina.The Clover Bar Landfill Gas facility was commissioned in 2005. The facility utilizes landfill gas from the City of Edmonton’s Waste Management Centre. Output from the facility is sold to the City of Edmonton.Capital Power developed and operates the Clover Bar Energy Centre, which features three highly-efficient natural gas turbines.On October 19, 2010, Capital Power acquired the Island Generation Facility, a 275 megawatt , gas-fired combined cycle power plant at Campbell River, British Columbia, from Kelson Canada Inc. closed on.
On September 1, 2011, Capital Power and TransAlta completed the 495 MW Keephills 3 generating facility, and announced the commencement of commercial operation at the facility. Capital Power led construction of the facility, and TransAlta, which will operate the plant. The facility is the most technologically advanced coal-fired plant in Canada.On October 12, 2012, Innergex Renewable Energy Inc. acquired Capital Power's Brown Lake, B.C., and Miller Creek, B.C. hydro facilities.Capital Power’s 142 MW Quality Wind project, located in British Columbia, began commercial operation on November 6, 2012. Construction of the project was complete on time and under budget.On November 19, 2013, Emera Inc. acquired Capital Power's facilities in Connecticut: Bridgeport, Rhode Island: Tiverton, and Maine: Rumford, including certain emissions credits. These facilities were subsequently sold by Emera to the Carlyle Group.
On December 6, 2012, Capital Power and ENMAX Corporation announced the signing of a joint venture agreement to build, own and operate the 800 MW Shepard Energy Centre in Calgary.On March 3, 2017, Capital Power and ENMAX Corporation announced that the Shepard Energy Centre was chosen as the test site for the natural gas track of the $20 million NRG COSIA Carbon XPRIZE, a global competition to develop breakthrough technologies that convert carbon dioxide into valuable products. Shepard Energy Centre will host the new Alberta Carbon Conversion Technology Centre, as well as provide the flue gas for testing during the NRG COSIA Carbon XPRIZE and for future innovators.
On February 21, 2017, Capital Power entered into an agreement to acquire the thermal power business of Veresen Inc., consisting of two gas-fired generation facilities and two waste heat assets.
Capital Power’s Bloom Wind project, located in Kansas began commercial operation on June 1, 2017.
