Capital Power Income L.P. (the Partnership) is a limited partnership organized under the laws of the Province of Ontario, which has an ownership interest in a portfolio of power generation assets in Canada and the United States.
The Partnership's mission is to be Canada's premier income fund, providing a stable cash distribution to unitholders. This will be accomplished by being growth-oriented while providing unitholders with reliable long-term cash flows. Superior operating and commercial management practices will be applied to a quality portfolio of energy assets.
The Partnership was founded in 1997, and managed by subsidiaries of TransCanada Corporation until August 31, 2005. TransCanada's interest was then acquired by EPCOR Utilities Inc. (EPCOR), one of Canada's leading providers of power and water. The Partnership broadened its portfolio with its acquisition of Frederickson Power L.P. on August 1, 2006, Primary Energy Ventures (PEV) on November 1, 2006, and Morris Cogeneration LLC on October 31, 2008 increasing its net generating capacity to 1,400 megawatts with approximately four million pounds per hour of thermal energy.
On May 8, 2009, EPCOR announced its intention to launch an independent power generation business called Capital Power Corporation (CPC). EPCOR planned on CPC and its subsidiaries acquiring all the power generation assets and related operations of EPCOR, including its 30.5% interest in EPCOR Power L.P. On July 9, 2009, Capital Power Corporation successfully completed an initial public offering of common shares. The company’s common shares trade on the TSX under the symbol CPX. EPCOR retains a significant non-controlling financial interest (greater than 70%).
EPCOR Power L.P. was re-named as Capital Power Income L.P. in November 2009 to align with its General Partner, Capital Power Corporation.
The Partnership owns 20 wholly-owned power generation assets located in Canada & the United States, a 50 per cent interest in a power generation asset in Washington state, and a 15.4 per cent interest in Primary Energy Recycling Holdings LLC, an owner of recycled energy assets in the United States.
Drawing on over 100 years of experience, Capital Power builds, owns and operates power plants, electrical transmission and distribution networks, water and wastewater treatment facilities, and infrastructure.
What's New
Note: Prior to July 1, 2009, financial reports, news releases, investor presentations and other documents were issued by EPCOR Utilities Inc. or their subsidiaries. Capital Power Corporation, an EPCOR-launched independent power generation business, acquired EPCOR Power L.P. upon its creation on July 9, 2009. EPCOR Power L.P. was renamed Capital Power Income L.P. in November 2009.
- Capital Power Income L.P. Announces Release Dates for 2009 Year-end Financial Results and Analyst Conference Call - February 4, 2010
- Capital Power Income L.P. Announces Monthly Distribution - February 3, 2010
- Capital Power Income L.P. Announces Monthly Distribution - January 6, 2010
- Capital Power Income L.P. and CPI Preferred Equity Ltd. Announce Quarterly Dividend on the Cumulative Redeemable Preferred Shares, Series 1 and 2, Issued by CPI Preferred Equity Ltd. - December 3, 2009
- Capital Power Income L.P. Announces Monthly Distribution - December 3, 2009
- Capital Power Income L.P. Provides 2010 Outlook and Corporate Updates at Investor Day Event - December 3, 2009
- EPCOR Power L.P. and EPCOR Power Equity Ltd. Announce Name Changes - November 5, 2009
- EPCOR Power L.P. Announces Monthly Distribution - November 3, 2009
- EPCOR Power L.P. to Host Investor Day Event in Toronto - October 29, 2009
- EPCOR Power L.P. Reports Third Quarter Results - October 26, 2009
- EPCOR Power L.P. and EPCOR Power Equity Ltd. Announce $100 Million Offering of 7.0% Cumulative Rate Reset Preferred Shares - October 13, 2009
- EPCOR Power L.P. Announces Monthly Distribution - October 13, 2009
- EPCOR Power L.P. Announces Change to Monthly Distributions and Launch of Premium Distribution™ and Distribution Reinvestment Plan - October 13, 2009
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