Core Insights - Capital Power Corporation has announced a Memorandum of Understanding (MOU) with Apollo-managed funds for a US$3 billion investment partnership aimed at acquiring merchant U.S. natural gas generation assets [5][7] - The company has also entered into a binding MOU with an investment-grade data center developer in Alberta for a long-term Electricity Supply Agreement (ESA) [6][7] Strategic Agreements - The partnership with Apollo Funds is expected to combine their capital strength with Capital Power's operational expertise, enhancing the company's growth strategy in the U.S. natural gas sector [4][5] - The MOU with the data center developer involves a 250 MW ESA, anticipated to start in 2028, which will support Alberta's growing AI infrastructure [6][7] Growth Targets - Capital Power aims for a 50% cumulative increase in U.S. capacity, approximately 3.5 GW, by 2030 [7] - The company targets an annual Total Shareholder Return (TSR) of 13-15% and an annual growth of 8-10% in Adjusted Funds From Operations (AFFO) per share [7] Financial Guidance for 2026 - The financial guidance for 2026 includes Adjusted EBITDA ranging from $1,565 million to $1,765 million, and AFFO between $890 million and $1,010 million [9][17] - Sustaining capital investment is projected to be between $290 million and $330 million, with a dividend growth target of 2% [17]