October 04, 2016

Capital Power announces closing of C$200 million offering of 6.00% Cumulative Minimum Rate Reset Preferred Shares

New casino games – Capital Power Corporation (“Capital Power”) (TSX:CPX) announced today that it has closed its previously announced offering of 8,000,000 Cumulative Minimum Rate Reset Preference Shares, Series 7 (the “Series 7 Shares”) at a price of $25.00 per Series 7 Share for aggregate gross proceeds of $200 million on a bought deal basis with a syndicate of underwriters, led by TD Securities Inc. and CIBC Capital Markets.

The Series 7 Shares will begin trading today on the TSX under the symbol CPX.PR.G.

The Series 7 Shares have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer, solicitation or sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Capital Power

New casino sitesCapital 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 more than 3,200 megawatts of power generation capacity at 18 facilities across North America. More than 700 megawatts of owned generation capacity are in advanced development in Alberta and under construction in Kansas.