EDMONTON, AB --(Marketwired - April 13, 2017) - Capital Power
Corporation (Capital Power or the Company) (TSX: CPX) announced today that it has successfully
completed the acquisition of Veresen Inc.'s two gas-fired generation facilities in Ontario.
"The addition of these high-quality natural gas facilities that are under long-term contracts will enhance our
contracted cash flow profile and diversify our existing asset fleet," said Capital Power's President and CEO, Brian Vaasjo.
The acquisition, announced on February 21, 2017, also included two waste heat facilities with 10 MW of combined
capacity that are located on Spectra's BC natural gas pipeline. This portion of the acquisition remains subject to the
satisfaction of closing conditions, the work for which is continuing.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power producer
headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of
energy sources. Capital Power owns approximately 3,500 megawatts of power generation capacity at 20 facilities across North
America. More than 700 megawatts of owned generation capacity are in advanced development in Alberta and under construction in
Kansas.