TMX group

Apr. 18, 2011 (Canada NewsWire Group) --

EDMONTON, April 18 /CNW/ - Capital Power L.P. ("CPLP" or "The Partnership"), the legal entity that directly and indirectly holds substantially all of Capital Power Corporation's assets (TSX: CPX) has completed a public offering in Canada of unsecured medium term notes in the aggregate principal amount of C$300 million.  The notes have a coupon rate of 4.60% and mature on December 1, 2015. The net proceeds of the offering will be used for general corporate purposes, including repayment of amounts owing under its credit facilities, short term investment, financing of ongoing capital projects and working capital requirements.

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 April 13, 2011.

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

About Capital Power Corporation
Capital Power is a growth-oriented North American independent power producer, building on more than a century of innovation and reliable performance. The Company's vision is to be recognized as one of North America's most respected, reliable and competitive power generators. Headquartered in Edmonton, Alberta, Capital Power has interests in 32 facilities in Canada and the U.S. totaling nearly 3,800 megawatts of generation capacity. Capital Power and its subsidiaries develop, acquire and optimize power generation from a wide range of energy sources. The company's web site can be accessed at www.capitalpower.com.