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Whether the actual outcomes will conform to Capital Power’s expectations is subject to a number of known and unknown risks and uncertainties which could cause the actual outcomes to differ materially from Capital Power’s expectations. These statements are based on certain assumptions and analyses made by Capital Power in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate, including assumptions around: (i) performance and (ii) the status of and impact of policy, legislation and regulations.
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Material forward-looking information in this press release includes expectations around the Genesee CCS project including (i) timing of commencement of the Government of Alberta’s Request for Full Project Proposals process, (ii) in-service timing, and (iii) the volume of CO2 to be captured annually from the repowered Genesee 1 and 2 units.
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This information may not be appropriate for other purposes. Forward-looking information or statements included in this news release are provided to inform Capital Power’s shareholders and potential investors about management’s assessment of future plans and operations.
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By their nature, such statements are subject to significant risks, assumptions and uncertainties, which could cause Capital Power’s actual results and experience to be materially different than the anticipated results. When used in this context, words such as “expect” or similar words suggest future outcomes. Within its proposal, Enbridge outlined its plans to develop an open access carbon storage hub with cost-effective, customer-focused CCS solutions in the Wabamun area while minimizing any infrastructure footprint to protect land, water and the environment.Ĭapital Power Forward-Looking InformationĬertain information in this news release is forward-looking information for Capital Power within the meaning of Canadian securities laws as it relates to anticipated financial or operating performance or events. In October, with Capital Power’s support, Enbridge responded to the Government of Alberta’s call for Expressions of Interest to construct and operate carbon storage hubs. “Collaboration like this is critical as we look to advance cost-effective, customer-focused carbon capture, transportation and storage solutions in Alberta and across North America, with a commitment to protecting land, water and the environment and engaging meaningfully with local Indigenous communities.” “We’re excited to be partnering with Capital Power in support of their commitment to a low-carbon energy future,” said Colin Gruending, Enbridge Executive Vice President and President, Liquids Pipelines. Collaborative development throughout the CCS value chain is key to ensuring that CCS can be deployed in a safe, responsible, and cost-effective manner.” “It’s exciting to partner with Enbridge – a sustainability leader – on this project and support their efforts in pursuit of the Open Access Wabamun Carbon Hub. “Capital Power is helping build a carbon-neutral future in Alberta by advancing the Genesee CCS Project at our Genesee Generating Station,” said Chris Kopecky, Capital Power Senior Vice President and Chief Legal, Development and Commercial Officer. This advertisement has not loaded yet, but your article continues below. Enbridge, with the support of Capital Power, is applying to develop an open access carbon hub in the Wabamun area through the Government of Alberta’s Request for Full Project Proposals process, which is expected to start as early as December 2021. (TSX: ENB) (NYSE: ENB) are pleased to announce a memorandum of understanding to collaborate on carbon capture and storage (CCS) solutions in the Wabamun area west of Edmonton, Alberta, near Capital Power’s Genesee Generating Station.Įnbridge and Capital Power have agreed to jointly evaluate and advance a CCS project, with Enbridge as the transportation and storage service provider and Capital Power as the CO 2 provider, subject to the Government of Alberta’s competitive carbon hub selection process and a future final investment decision. 29, 2021 (GLOBE NEWSWIRE) - Capital Power Corporation (TSX: CPX) and Enbridge Inc.