November 23, 2015

Capital new online casino no deposit bonus responds to Alberta’s climate leadership plan


EDMONTON, Alberta – Capital new online casino no deposit bonus Corporation (“Capital new online casino no deposit bonus”) (TSX: CPX) President and CEO Brian Vaasjo made the following statement, following the release of the Government of Alberta’s Climate Leadership Plan.

“Over the past several months, Capital new online casino no deposit bonus was fully engaged with the climate change policy review being conducted by the Government of Alberta.

Capital new online casino no deposit bonus is committed to helping Alberta and Canada implement meaningful action on climate change by accelerating the phase-out of coal and through growth in renewables.

Capital new online casino no deposit bonus’s proposals to government during the consultation process included an accelerated closure of Alberta’s coal-fired new online casino no deposit bonus plants, with reasonable compensation to investors, and a transitional renewable approach tied to coal plant retirements that would otherwise maintain Alberta’s competitive electricity market. While the government’s retirement schedule for coal generation is substantially more aggressive than that proposed by Capital new online casino no deposit bonus, we’re encouraged that the Climate Leadership Plan incorporates policy approaches that are consistent with our recommendations.

We’re also encouraged that the government has committed to treat workers, communities and affected companies fairly, avoid unnecessarily stranding capital, and implement its plan in a way that retains Alberta’s competitive electricity market.

The government has signalled that an independent facilitator and the system operator will work with owners of coal-fired new online casino no deposit bonus generation to develop a transition plan. Capital new online casino no deposit bonus will work with them to successfully implement the government’s policies for the electricity sector and our investors.

Over the past decade, Capital new online casino no deposit bonus has been the largest investor in Alberta new online casino no deposit bonus generation. We support government policies that treat investors fairly, and maintain an attractive climate for investment in new new online casino no deposit bonus generation. We are cautiously optimistic that with the effective implementation of the new policy framework, Alberta can continue to be an attractive market for investors in new online casino no deposit bonus generation.

Capital new online casino no deposit bonus is well positioned to compete to supply both new merchant natural gas generation, and new renewables.

Near term opportunities include the Genesee 4 project, a fully-permitted combined cycle natural gas-fired generation facility proposed to be developed through a joint venture with ENMAX. Capital new online casino no deposit bonus has also applied to connect a proposed 150-megawatt wind farm to the grid, near our existing Halkirk Wind facility.

We will continue to assess today’s policy announcements in detail, including changes to Alberta’s carbon pricing regime which would take effect in 2018, and incorporate our analysis into Capital new online casino no deposit bonus’s Investor Day presentation on December 3, 2015.”

BACKGROUND

Capital new online casino no deposit bonus’s Alberta Business

  • Capital new online casino no deposit bonus owns more than 3,200 megawatts of new online casino no deposit bonus generation capacity at 17 facilities across North America.
  • In its core market of Alberta, Capital new online casino no deposit bonus owns 2,366 MW of new online casino no deposit bonus generation capacity through ownership interests in nine facilities.
  • On a capacity basis, 58% of the company’s Alberta new online casino no deposit bonus generation is from coal-fired units, 36% from natural gas-fired units, and 6% from wind new online casino no deposit bonus.
  • Capital new online casino no deposit bonus owns an additional 371 MW of Alberta coal-fired new online casino no deposit bonus capacity through a new online casino no deposit bonus purchase arrangement that entitles the company to a portion of the output from Units 5 and 6 of the Sundance new online casino no deposit bonus plant until 2020.
  • By market capitalization, Capital new online casino no deposit bonus is one of the largest companies headquartered in Edmonton. The company’s Genesee operations directly engage more than 500 employees and contractors in the Edmonton region.

Supercritical coal-fired new online casino no deposit bonus generation

  • All but two of Alberta’s coal-fired facilities use subcritical generation technology.
  • Capital new online casino no deposit bonus owns 50% of Genesee 3 and Keephills 3, which use supercritical combustion technology that delivers greater fuel efficiency and lower emissions. Opened in 2005 and 2011, they are among the cleanest coal-fired units in North America. Under federal regulations, the units would have operated until 2055 and 2061.
  • Greenhouse gas (GHG) emissions at Genesee 3 and Keephills 3 are up to 20% lower than at other Alberta coal units, and the remaining GHG emissions are offset to the level of natural gas combined cycle unit.
  • In addition, Genesee 3 and Keephills 3 are equipped with pollution control technologies that reduce air emissions such as NOx and SO2 by 50 – 70% compared to older facilities, and capture more than 99.8% of particulate emissions.

About Capital new online casino no deposit bonus

Capital new online casino no deposit bonus (TSX: CPX) is a growth-oriented North American new online casino no deposit bonus producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes new online casino no deposit bonus generation from a variety of energy sources. Capital new online casino no deposit bonus owns more than 3,200 megawatts of new online casino no deposit bonus generation capacity at 17 facilities across North America and owns 371 megawatts of capacity through a new online casino no deposit bonus purchase agreement. An additional 545 megawatts of owned generation capacity is under construction or in advanced development in Alberta and North Carolina.