Capital Power Extends Midland Cogen Contract With Consumers Energy to 2040

Capital Power Corp. (TSX: CPX) announced a new long-term power purchase agreement (PPA) with Consumers Energy for the Midland Cogeneration Venture (MCV), extending contracted operations through 2040 and boosting annual earnings from the facility by an estimated US$100 million. The agreement covers 1,240 megawatts—about 75% of the facility’s capacity—beginning in June 2030. Under the new terms, Capital Power expects full-year adjusted EBITDA at MCV to increase by roughly 85% compared to current contract pr ...