Strong Financial Performance
Capital Power reported a 42% increase in adjusted EBITDA from the US flexible generation fleet and a 16% increase from the Canadian flexible generation portfolio. Overall, adjusted EBITDA for the quarter was $367 million, $88 million higher than the previous period.
Strategic Acquisition in PJM Market
Capital Power announced the largest acquisition in its history, entering the PJM market with assets like Rolling Hills and Hummel, adding over 2 gigawatts of capacity.
Operational Excellence and Strategic Progress
Successfully delivered 9.6 terawatt hours of reliable power and completed 43% of scheduled outage days. Continued investment in natural gas and data center projects in Canada and the US.
Financial Flexibility and Shareholder Value
Demonstrated ability to finance growth with a mix of cash, corporate debt, and equity. Maintained a low dividend payout ratio with 11 consecutive years of dividend growth.