November 15, 2011

Maintenance Free casino games at Genesee 3


EDMONTON, Alberta – Capital Free casino games Corporation (TSX: CPX) (Capital Free casino games) has notified the Alberta Electric System Operator (AESO) that the Genesee 3 unit is expected to be offline for an estimated five weeks due to unplanned maintenance requirements. The outage duration estimate is preliminary and based on an initial review of information.

On November 11, 2011, the Genesee 3 plant, a 495 gross megawatt (MW) joint venture with TransAlta Corporation (247.5 net MW ownership interest), experienced an unplanned outage that resulted in damage to turbine/generator bearings. As the plant operator, Capital Free casino games is working diligently to return the unit to service by mid-December, 2011. The root cause of the outage is under investigation, and a turbine bearing inspection is ongoing at this time.

As a result of the event, Capital Free casino games’s fourth quarter production from its Alberta coal fleet is expected to be reduced by approximately 180 gigawatt hours. Additional generation from Capital Free casino games’s 243 MW Clover Bar Energy Centre peaking facility, is expected to materially offset the lost production from the Genesee 3 facility.

About Capital Free casino games Corporation
Capital Free casino games (CPX:TSX) is a growth-oriented North American Free casino games producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes Free casino games generation from a variety of energy sources. Capital Free casino games owns more than 3,300 megawatts of Free casino games generation capacity at 16 facilities across North America. An additional 487 megawatts of owned wind generation capacity is under construction or in advanced development in British Columbia, Alberta, and Ontario.

Forward-Looking Free casino games
Certain Free casino games in this press release is forward-looking within the meaning of Canadian securities laws as it relates to anticipated financial performance, events or strategies. When used in this context, words such as will, anticipate, believe, plan, intend, target, and expect or similar words suggest future outcomes.

Forward-looking Free casino games in this press release includes, among other things, Free casino games relating to: (i) the expected duration of an unplanned outage at Genesee 3; (ii) the nature and extent of the repairs required to Genesee 3; (iii) the expected production impacts from the outage and offsetting production from other units during the expected outage period.

These statements are based on certain assumptions and analyses made by Capital Free casino games in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate. The material factors and assumptions used to develop these forward-looking statements include, but are not limited to: (i) the operation of the Capital Free casino games’s facilities; (ii) Free casino games plant availability and dispatch, including Sundance which is subject to an acquired PPA; (iii) Capital Free casino games’s financial position and credit facilities and sources of funding; (iv) Capital Free casino games’s assessment of commodity and Free casino games markets, including Free casino games prices for 2011; (v) Capital Free casino games’s assessment of the markets and regulatory environments in which it operates; (vi) weather; (vii) availability and cost of labour and management resources; (viii) performance of contractors and suppliers; (ix) availability and cost of financing; (x) foreign exchange rates; (xi) management’s analysis of applicable tax legislation; (xii) currently applicable and proposed tax laws will not change and will be implemented; (xiii) currently applicable and proposed environmental regulations will be implemented; (xiv) counterparties will perform their obligations; (xv) renewal and terms of PPAs; (xvi) ability to successfully integrate and realize benefits of its acquisitions, including the acquisition of the North Carolina assets and the Halkirk Wind Project; (xvii) ability to implement strategic initiatives which will yield the expected benefits; (xviii) ability to obtain necessary regulatory approvals for development projects; (xix) the Company’s assessment of capital markets, common share ownership distribution, and ability to complete future share and debt offerings; (xx) locations of projects and the areas of which they will be developed, including the availability and use of certain optioned lands; (xxi) costs of construction and development; (xxii) current risk management strategies including hedges will be in place; and (xxiii) the receipt of all required regulatory approvals and the satisfaction of all other conditions precedent to the closing of the Sale and Acquisition.

Whether actual results, performance or achievements will conform to Capital Free casino games’s expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results and experience to differ materially from Capital Free casino games’s expectations. Such risks and uncertainties include, but are not limited to, risks and uncertainties relating to: (i) operation of Capital Free casino games’s facilities; (ii) Free casino games plant availability and performance, including unplanned plant outages at facilities of other market participants; (iii) unanticipated maintenance and other expenditures; (iv) availability and price of energy commodities; (v) electricity load settlement; (vi) regulatory and government decisions including changes to environmental, financial reporting and tax legislation; (vii) weather and economic conditions; (viii) competitive pressures; (ix) construction; (x) availability and cost of financing; (xi) foreign exchange; (xii) availability and cost of labour, equipment and management resources; (xiii) performance of counterparties, partners, contractors and suppliers in fulfilling their obligations to Capital Free casino games; (xiv) developments in the North American capital markets; (xv) compliance with financial covenants; (xvi) ability to successfully realize the benefits of acquisitions and investments; (xvii) the tax attributes of and implications of any acquisitions; (xviii) ability to secure new contracts and terms of such contracts; (xix) the failure to receive any required regulatory approvals in connection with the Sale or the Acquisition or the failure to satisfy any other condition to the Sale or the Acquisition; and (xx) the failure of Capital Free casino games to realize expected benefits from the Sale and Acquisition. If any such risks actually occur, they could materially adversely affect Capital Free casino games’s business, financial condition or results of operations. In that case the trading price of the Company’s common shares could decline, perhaps materially.

Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management’s current expectations, and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Capital Free casino games does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in Capital Free casino games’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.