Capital Power L.P. completes C$250 million debt offering

EDMONTON, AB, Feb. 21, 2012 /CNW/ - Capital Power L.P. ("CPLP" or "The Partnership"), the legal entity that directly and indirectly holds substantially all of Capital Power Corporation's (TSX: CPX) assets, has completed a public offering in Canada of unsecured medium term notes in the aggregate principal amount of C$250 million.  The notes have a coupon rate of 4.85% and mature on February 21, 2019. The net proceeds of the offering will be used for repayment of amounts owing under its credit facilities, financing of ongoing capital projects, for working capital requirements and for general corporate purposes.

The notes have been rated BBB by Standard & Poor's Rating Services and BBB by DBRS Limited.

The offering was made in Canada pursuant to CPLP's Short Form Base Shelf Prospectus dated April 14, 2010, and a related pricing supplement dated February 14, 2012.

CIBC World Markets Inc. acted as co-lead and sole book runner with Scotia Capital Inc. acting as additional co-lead for the syndicate of agents which includes BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., National Bank Financial Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc., and Merrill Lynch Canada Inc.

About Capital Power Corporation
Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources.  Capital Power owns more than 3,300 megawatts of power generation capacity at 16 facilities across North America. An additional 487 megawatts of owned wind generation capacity is under construction or in advanced development in British Columbia, Alberta, and Ontario.

SOURCE Capital Power Corporation

For further information:

Media Relations:  
Michael Sheehan
(780) 392-5222

Investor Relations:
Randy Mah
(780) 392-5305 or (866) 896-4636 (toll-free)

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Capital Power Corporation

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