Capital Power is an independent power producer headquartered in Edmonton, Alberta, with a diversified portfolio of energy generation assets across North America. Established in 1989 as the power generation division of EPCOR Utilities, the company was spun off in 2009 to operate as a standalone entity focused on developing, acquiring and operating electricity generation facilities. Capital Power’s asset base includes natural gas, coal, wind, solar and battery energy storage technologies, allowing it to serve a broad spectrum of customer needs in both wholesale and retail markets.
At the core of its operations, Capital Power develops and manages thermal power plants that utilize efficient combined-cycle and simple-cycle natural gas turbines. The company also owns and operates several wind farms and solar arrays, contributing to renewable energy production and helping regional grids meet evolving environmental standards. Its battery storage installations support grid reliability by providing frequency regulation and peak-shaving capabilities, enhancing the integration of intermittent renewable resources.
Capital Power’s facilities are situated in key markets, including Alberta, Saskatchewan and Ontario in Canada, as well as in North Dakota, Michigan and Kansas in the United States. This geographic diversification allows the company to tap into multiple power pools and benefit from various regulatory frameworks, capacity markets and power purchase agreements. Ongoing growth initiatives include the expansion of existing sites, development of greenfield projects and partnerships aimed at accelerating decarbonization and improving grid resilience.
Under the leadership of President and Chief Executive Officer Avik Dey, Capital Power has continued to pursue its strategic objectives of reliable operations, disciplined capital allocation and sustainable growth. The company is guided by a corporate governance framework that emphasizes safety, environmental stewardship and community engagement. With a robust development pipeline and a commitment to innovation, Capital Power aims to meet the evolving energy demands of its customers while advancing toward a lower-carbon future.
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