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Capital Power Posts Higher Q1 Electricity Output

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-- Capital Power reported Q1 earnings ON Wednesday, showing electricity production of 11.5 gigawatt-hour in the three months to Mar. 31, up from 9.6 GWh for the same period a year ago.

The power generation firm said availability of its generation facilities rose to 92% from 90%, buoyed by the extension of the Arlington Valley summer tolling agreement in Arizona, which now runs through 2038.

The company said the deal adds seven years of contracted revenue and is projected to deliver about $70 million in incremental annual capacity payments by 2032.

Capital Power will undertake a 35-megawatt capacity uprate at Arlington Valley, as part of the extension. The expansion will be implemented in phases, with 10 megawatts expected to come online in 2026 and a further 25 MW in 2027.

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