On December 12, 2024, Capital Power Corporation announced a public offering of 6,800,000 common shares at $58.80 each, aiming to raise $399.84 million. An over-allotment option for 1,020,000 additional shares could increase gross proceeds to $459.82 million. The offering is set to close on December 17, 2024.

Net proceeds of approximately $383.1 million will support acquisitions, growth initiatives, and general corporate purposes. The underwriters are TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Merrill Lynch Canada Inc., ATB Securities Inc., Desjardins Securities Inc., iA Private Wealth Inc., and Raymond James Ltd.

Legal advisors are Dentons Canada LLP for Capital Power and Osler, Hoskin & Harcourt LLP for the underwriters. The shares are conditionally approved for listing on the Toronto Stock Exchange under "CPX."