Q: Would you consider Capital Power on a list of halo stocks and powering AI? Or was it excluded purposely? I mainly mention this because I thought previously they had been tied to natural gas powered AI data centre's in Alberta? Disclosure: I own it but am very open to upgrading to something materially better in that sector.
5i Research Answer:
It was not purposely excluded and could certainly qualify. Capital Power entered a binding memorandum of understanding (MOU) in December 2025 for a 250 MW electricity supply agreement (ESA) with an unnamed investment-grade data centre developer in Alberta. The long-term deal, over 10 years starting in 2028, will use the company's Alberta generation facilities, including potential at Genesee Generating Station.