Capital Power Enters Long-term Energy Supply Agreement with Meta in Alberta

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Agreement positions Capital Power as a hyperscale energy partner of choice with 250 MW for Meta's Sturgeon County data centre – powering Alberta's rise in the North American AI economy EDMONTON, Alberta, July 08, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation ("Capital Power" or the "Company") (TSX: CPX) today announced it has entered into a long-term (greater than 10 years) Energy Supply Agreement ("ESA") for 250 megawatts ("MW") of capacity and energy in support of a data centre in Sturgeon County, Alberta being developed by Meta Platforms, Inc. ("Meta"). The load from the project is anticipated to be in service in the back half of 2028. Backed by Capital Power's reliable Alberta power generation fleet, the ESA enhances our contracted profile with a commercial structure designed to provide stable, long-term contracted cash flows. The transaction preserves Capital Power's ability to pursue further commercial optimization in Alberta at its Genesee site. The agreement will support Meta's new data centre, demonstrating the province's ability to attract large-scale digital infrastructure investment and supporting long-term economic growth. "This agreement is exactly the kind of opportunity we've been preparing for – AI infrastructure will be built where power is available, reliable and scalable and, with the support of Capital Power's fleet, Alberta meets the mark. At Capital Power we are ready to serve customer's growing demand for 24/7 power while creating long-term value for our shareholders," said Avik Dey, President and Chief Executive Officer of Capital Power. "Our Alberta fleet is built for this. We have the dependable, dispatchable generation and operational expertise needed to power large-scale infrastructure projects like Meta's new data centre." "We're grateful to the Government of Alberta and the Federal Government of Canada for creating an investment environment that makes projects like this possible. It's a great day for Alberta, a great day for Canada, and a strong vote of confidence in Capital Power's ability to help power the next generation of AI and digital infrastructure," added Dey. "This agreement is another example of Alberta's plan delivering results. Investments like this create thousands of jobs, generate new revenue that helps pay for the services Albertans rely on, and help reduce transmission costs for consumers. That's exactly why our government has worked to make Alberta the best place in North America to invest in AI and digital infrastructure." – Danielle Smith, Premier of Alberta

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