EDMONTON, Alberta, Feb. 26, 2025 – Capital Power Corporation (TSX: CPX) has announced the successful commercial operation of the Genesee Repowering Project, marking a significant milestone in its transition toward cleaner energy generation. Additionally, the company is enhancing its positioning for growth in the U.S. energy market, reinforcing its long-term expansion strategy.

Key Highlights

1. Genesee Repowering Project Completion
   • The repowering of Genesee Units 1 and 2 marks a major step in Capital Power’s decarbonization efforts, as the facility transitions from coal to natural gas.
   • The project is expected to reduce greenhouse gas emissions while improving efficiency and reliability in power generation.
2. U.S. Growth Strategy
   • Capital Power is actively expanding its renewable energy and natural gas portfolio in the U.S. market.
   • The company is pursuing new acquisitions and project developments, aligning with increasing demand for clean and flexible power solutions.
3. Strengthened Market Position
   • With a growing North American footprint, Capital Power is enhancing shareholder value through strategic investments in low-carbon energy solutions.
   • The company remains committed to sustainable energy development, positioning itself for long-term profitability and market leadership.

Looking Ahead

With the Genesee Repowering Project now operational and a clear focus on U.S. expansion, Capital Power is well-positioned for continued growth. Investors will be watching for updates on:

• Future renewable energy investments and acquisitions.
• Financial performance and cost efficiencies from the repowering transition.
• Regulatory and market developments impacting North American energy infrastructure.

As Capital Power accelerates its clean energy transformation, the company remains a key player in the evolving power generation sector.