Mr. Avik Dey reports

CAPITAL POWER WELCOMES FERIO PUGLIESE AS SENIOR VICE PRESIDENT, CHIEF CORPORATE OFFICER AND ROGER HUANG AS VICE PRESIDENT, CORPORATE DEVELOPMENT AND U.S. RENEWABLES

Capital Power Corp. has appointed Ferio Pugliese as senior vice-president, chief corporate officer, effective today. Mr. Pugliese succeeds Jacquie Pylypiuk.

In his new role, Mr. Pugliese will oversee people and culture, information services, data science and insights, energy markets and low carbon solutions, and communications and community engagement. A seasoned executive with leadership experience across multiple sectors, including energy and aerospace, Mr. Pugliese is known for driving transformation through a people-first approach and a proven ability to scale complex organizations.

"We are excited to welcome Ferio to Capital Power," said Avik Dey, president and chief executive officer. "He is a proven business leader with a deep commitment to talent development. His extensive management experience across a number of industries will be instrumental as we continue to scale our business and foster a culture of high performance."

The company also extends its deep appreciation to Jacquie Pylypiuk for her years of dedicated service and leadership. "Jacquie has been a tremendous leader and valued member of our executive team. We are grateful for her service and leadership over the years," added Mr. Dey.

Further strengthening its executive capabilities, Capital Power recently welcomed Roger Huang as vice-president, corporate development, and United States renewables, effective June 5, 2025. In this newly created role, Mr. Huang reports directly to the chief executive officer and is responsible for advancing Capital Power's growth ambitions, corporate partnerships and U.S. renewables platform. Mr. Huang brings significant investment and energy sector expertise, with a background spanning senior executive roles in private equity and in industry.

"Roger's experience in business building and strategic dealmaking will drive Capital Power's continued growth trajectory," added Mr. Dey. "The addition of Ferio and Roger brings new energy and expertise to our leadership team as we continue to power the energy expansion and deliver long-term value for our shareholders."

About Capital Power Corp.

Capital Power is a growth-oriented power producer with approximately 12 gigawatts of power generation at 32 facilities across North America. The company prioritizes safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems and creating balanced solutions for our energy future.