Capital Power L.P. completes C$300 million debt offering

EDMONTON, Nov. 16 /CNW/ - Capital Power L.P. ("CPLP" or "The Partnership"), the legal entity that directly and indirectly holds Capital Power Corporation's assets (TSX: CPX) has completed a public offering in Canada of unsecured medium term note debentures in the aggregate principal amount of C$300 million.  The notes have a coupon rate of 5.276% and mature on November 16, 2020. The net proceeds of the offering will be used to finance a portion of the purchase price for the Island Generation Facility, repay amounts owing under its credit facilities, and for general corporate purposes.

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 November 9, 2010.

TD Securities Inc. and RBC Dominion Securities Inc. acted as co-leads and joint book runners for the syndicate of agents which includes BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital 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.

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