CPX Capital Power Corporation

The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.6519 per share on the outstanding common shares for the quarter ending December 31, 2024. The dividend is payable on January 31, 2025 to shareholders of record at the close of business on December 31, 2024.

The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:

Shares	TSX Stock Symbol	Dividend Per Share		Record Date	Payment Date
Series 1	CPX.PR.A	$0.1638125		December 16, 2024	December 31, 2024
Series 3	CPX.PR.C	$0.4287500		December 16, 2024	December 31, 2024
Series 5	CPX.PR.E	$0.4144375		December 16, 2024	December 31, 2024

The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.

Territorial AcknowledgementIn the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.

About Capital PowerCapital Power (TSX: CPX) is a growth-oriented power producer with approximately 9,300 MW of power generation at 32 facilities across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building clean power systems, and creating balanced solutions for our energy future. We are Powering Change by Changing Power™.

For more information, please contact:

Media Relations:        Katherine Perron(780) 392-5335        kperron@capitalpower.com

Investor Relations:Roy Arthur(403) 736-3315investor@capitalpower.com