EDMONTON, Alberta, August 04, 2020 (GLOBE NEWSWIRE) -Capital Power Corporation (“Capital Power” (TSX: CPX) today announced the implementation of a 10-year toll agreement for the Decatur Energy Center (Decatur Energy Center) with the current counterparty until December 2032. Decatur Energy is a natural gas bicycle facility in Decatur, Alabama, which began commercial operations in 2002. Decatur Energy is selling capacity and energy to a regional A-rated company under an initial 10-year toll contract, which was due to expire in December 2022. In accordance with the terms of the extension, Decatur Energy will immediately receive payments for 34 MW of additional capacity and will receive additional capacity payments of up to 79 MW if an updated interconnection agreement is reached and is expected to be concluded in 2021. As a result, Adjusted EBITDA is expected to increase by $11 million ($8 million) in 2021 and $27 million in 2022 ($20 million). In 2023, the first year of the additional 10-year maturity, Adjusted EBITDA is expected to be $73 million ($54 million) per year, before declining by about 4% per year on average. For more information on this ratio and an adjusted EBITDA agreement on consolidated results, see the non-GAAP measures in the business management debate and analysis for the six months to June 30, 2020. Whether actual results, performance or performance are in line with company expectations and expectations depends on a number of known and unknown risks and uncertainties that could lead to actual results and experience being materially different from the company`s expectations. These key risks and uncertainties include: (i) the availability and performance of the facility, including maintenance costs; (ii) the regulatory and policy framework, including changes to environmental legislation; and (iii) changes in general economic and competitive conditions. For more explanations of these and other risks, see the discussion and analysis of the company`s 2019 management, as well as management discussion and analysis for the six months to 30 Juni 2020.

justify skills in the provision of toll services or in frequent short-term areas: 1-400, 401-800, 801-1200, More specifically, they included the work operations with the German operator which for which there is no export price. These statements are based on certain assumptions and analyses that the company has made taking into account its experience and perception of historical trends, current conditions, expected future developments and other factors that it deems appropriate. The main factors and assumptions used in the development of these forward-looking statements are: (i) performance; and (ii) the status and effects of policy, legislation and regulations. Readers are cautioned not to improperly rely on such forward-looking statements that speak only on the date of authorization indicated. Entity does not impose or accept any obligation to publicly publish updates or revisions of forward-looking statements to reflect a change in the entity`s expectations or a change in the events, conditions or circumstances on which such a statement is based, except as required by law. Since its acquisition in June 2017, Capital Power has modernized Decatur Energy`s combustion turbines to increase capacity, improve the facility`s heat and fuel efficiency and maintain reliability. To date, two out of three combustion turbines have been upgraded for an additional capacity of approximately 60 megawatts (MW). The third combustion turbine is expected to be upgraded by approximately 30 MW in 2021. This set of usage conditions applies only to road toll applications.