Capital Power Corporation (TSX: CPX) will release its third quarter 2019 results before the markets open on October 28, 2019. Management will host a conference call with analysts on the same day at 9:00 a.m. MDT (11:00 a.m. EDT) to discuss its third quarter operating and financial results.

Capital Power Corporation ("Capital Power") (TSX: CPX) announced today it has completed the transaction to acquire TransAlta Corporation's ("TransAlta") 50% share of the Genesee 3 generation unit ("G3") and divest its 50% share of the Keephills 3 generation unit ("K3") to TransAlta. G3 is now fully owned and operated by Capital Power and K3 is fully owned and operated by TransAlta. The transaction was originally announced on August 2, 2019.

Capital Power Corporation ("Capital Power" or "the Company") (TSX: CPX) announced today it has entered into an agreement to divest its 50% share of the Keephills 3 generation unit ("K3") to TransAlta Corporation ("TransAlta"), and to acquire TransAlta's 50% share of the Genesee 3 generation unit ("G3"). K3 and G3 are the only supercritical coal facilities in Alberta, with a net capacity of 463 megawatts ("MW") and 466 MW, respectively. Currently both generating units are owned and operated under 50/50 Joint Venture Agreements between Capital Power and TransAlta. Upon close, G3 will be fully owned and operated by Capital Power and K3 will be fully owned and operated by TransAlta. The net cost of the transaction to Capital Power is $10 million. The transaction is expected to close in the fourth quarter of 2019 subject to regulatory approvals and other customary closing conditions.