Capital Power Corp. - Price Target Update
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Including the acquisition of the Ontario natural gas-fired generation assets in Apr-2017, Capital Power owns more than 3,500 megawatts (MW) of power generation capacity at 20 facilities across North America. More than 700 MW of owned generation capacity is in early stage development in Alberta and under construction in Kansas. An additional 795 MW of power generation capacity in Alabama is pending the close of the Decatur Energy Center acquisition.
The Bloom Hills facility in Kansas is 178MW facility is under construction. The Genesee 4&5 natural gas fired facilities in Alberta are at the feasibility stage until new generation is required in Alberta to balance supply and demand.
Genesee is the next large natural gas-fired generation project scheduled to be built in Alberta. Their interest in the Sundance C power purchase agreement (371MW) was terminated in Mar-2017 and a settlement favourable to Capital Power has been reached.
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