Capital Power provides updates at annual Investor Day event and announces launch of dividend reinvestment plan

About this update from Capital Power Corporation

[{"type":"text","content":"\n\n\n\n\n\nEDMONTON, Dec. 8, 2011 /CNW/ - Capital Power Corporation (TSX: CPX)\n (Capital Power or the Company) is hosting its third annual Investor Day\n event in Toronto at the St. Andrew's Club and Conference Centre (150\n King Street West, 16th floor) starting at 8:30 a.m. Eastern Time today. Members of the\n executive leadership team will provide updates on Capital Power's\n operations and construction projects, the outlook for its target\n markets, and will outline its corporate priorities for 2012.\n\n\n\"During Capital Power's first 30-months, we've built a business based on\n the strategy set out at the initial public offering, focusing on\n creating shareholder value through continued operational excellence,\n maintaining financial stability and strength, and being disciplined in\n our approach to growth,\" said Brian Vaasjo, President and CEO. \"In\n 2011, our employees delivered strong operations safety and production\n performance; commissioned Canada's most technologically-advanced\n coal-fired power plant, the Keephills 3 joint venture facility; aligned\n Capital Power's fleet with the business strategy through acquisitions,\n developments and divestitures; and demonstrated the ability to access\n capital markets and increase trading liquidity.\"\n\n\n\"Looking forward, Capital Power is well positioned to deliver value for\n shareholders,\" Mr. Vaasjo continued. \"Cash flow per share is visible,\n substantial and growing, as we expect to realize a full year of\n production from the Keephills 3 joint venture in 2012, begin to bring\n wind projects online in late 2012, and are well positioned to capture\n upside from rising power prices over time. If Alberta spot power prices\n average $74 per megawatt hour (MWh) in 2012, we expect cash flow per\n share to reach $3.90 to $4.30, more than 40% higher than 2010 levels,\n and expect normalized earnings per share to rise to $1.50 to $1.70.\"\n\n\nCorporate Updates\nFinancial and operating information provided during the presentation\n include updates on current and expected cash flow, funds from\n operations, plant availability, capital structure, and the Company's\n hedged positions in Alberta from 2012 to 2014.\n\n\nDevelopment and growth updates provided during the presentation include\n construction and development updates and expected capital expenditures\n for the...

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