Topic: How To Invest

Q: I’d like your analysis on Capital Power Corporation. Thank you.

Article Excerpt

A: Capital Power Corp., $36.57, symbol CPX on Toronto (Shares outstanding: 105.4 million; Market cap: $3.7 billion; www.capitalpower.com), is one of Canada’s largest independent electrical power producers, with its 25 facilities across North America offering nearly 6,000 megawatts of power. The company is also in the process of developing 900 megawatts of capacity in Alberta and Illinois. In October 2019, Capital Power closed the sale of its 50% interest in Keephills 3, a 495-megawatt coal-fired generating facility in Alberta, to TransAlta Corp. (symbol TA on Toronto). The deal gave TransAlta 100% ownership of the facility. In return, Capital Power acquired TransAlta’s 50% interest in the Genesee 3 facility, also in Alberta. It has a generating capacity of 516 megawatts and is transitioning from a coal-fired plant to one relying on natural gas. As part of the deal, Capital Power also paid TransAlta $10 million. In December, Capital Power announced that it would proceed with the second phase of its Whitla wind facility in…

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