Capital Power (TSE:CPX) has released an update.
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Capital Power Corporation reports a strong start to 2024 with key advancements in its Genesee Repowering project, including the commissioning of unit 1 and the retirement of Genesee 1, aligning with its net-zero by 2045 goal. Financially, the company generated $142 million in adjusted funds from operations, and strategically, it expanded its footprint by acquiring assets in California and Arizona and exploring nuclear options in Alberta. Despite some operational challenges, the company is optimistic about long-term growth and shareholder value, driven by increasing North American power demand.
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