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Capital Power Corp
Symbol CPX
Shares Issued 155,026,177
Close 2025-06-05 C$ 56.24
Market Cap C$ 8,718,672,194
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Globe says Capital Power sees Alberta missing out on AI

2025-06-06 09:01 ET - In the News

The Globe and Mail reports in its Friday edition that Alberta's grid operator is imposing an interim limit on electricity supply for new data centres due to a surge in power requests from developers. The Globe's Joe Castaldo writes that the Alberta Electric System Operator will allocate 1,200 megawatts for large-load projects until 2028. However, 29 data-centre projects are requesting over 16,000 megawatts, exceeding the province's peak consumption. This limitation could hinder plans to attract energy-intensive infrastructure for artificial intelligence applications. AESO chief Aaron Engen said the electricity cap is essential for maintaining grid stability. Edmonton-based electrical generator Capital Power LP said AESO's approach will undermine the goal of turning Alberta into an AI data-centre hub. "We've got a bit of a bust here," said the company's Pauline McLean. "I don't think it's actually going to meet the government's policy objectives." Capital Power has a proposed data-centre campus in Alberta for up to 1,500 megawatts that is geared toward hyperscale customers, but under AESO's methodology, the project could be allotted less than 250 megawatts. "We simply will not attract those customers," Ms. McLean said.

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