EDMONTON, AB--(Marketwired - August 15, 2016) - Today, Capital Power released its seventh annual Corporate Responsibility Report. Power Forward is now available at www.capitalpower.com/responsibility.
In 2015, Capital Power delivered on its corporate priorities, participated in climate change consultations in Alberta, and celebrated a number of accomplishments, including achieving our best health, safety and environmental incidents performance to-date, and being recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights magazine for a sixth straight year.
"We are committed to power forward to a lower-carbon future, while remaining a productive, profitable, and competitive power generator," said Capital Power President and CEO Brian Vaasjo. "Success stems from working collectively, collaboratively, and creatively to deliver results."
Report highlights & achievements:
Environmental responsibility
- Increased production from our renewable energy portfolio from 4% in 2011 to 17% in 2015.
- Achieved our best environmental performance to-date, with a 25% reduction of reportable environmental incidents as compared to 2014.
- Held one of the largest inventories of Alberta greenhouse gas offsets, investing nearly $10 million in Alberta-based offset projects that reduce local greenhouse gas emissions in 2015.
Social responsibility
- Through our community investment program, we invested $1.2 million in communities where we are located.
- Launched GENerosity, our new employee matched giving program, which resulted in an investment of $297,150 in 134 charities.
Economic responsibility
- Strengthened our cash flow by adding 405-megawatts of owned contracted generation to our fleet from the addition of three new facilities, which utilize natural gas, wind, and solar.
- Delivered a 7.4% increase in our annual dividend to provide stable and growing returns to shareholders.
- Our operations exceeded our plant availability target of 94% -- reaching 95% -- a level of dependability that is essential to the customers we serve.
About Capital Power
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Contact Information:
For more information, please contact:
Media Relations:
Michael Sheehan
(780) 392-5222
msheehan@capitalpower.com
Investor Relations:
Randy Mah
(780) 392-5305 or (866) 896-4636 (toll-free)
investor@capitalpower.com