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Capital Power reports second quarter 2010 results

^{Published on 2010-08-03 05:15:47 - Market Wire}
 

 ------------------------------------------------------------------------- Operational and Financial Three months Six months Highlights(1) (unaudited) ended ended (millions of dollars except per June 30, 2010 June 30, 2010 share and operational amounts) ------------------------------------------------------------------------- Electricity generation (GWh) 3,187 6,717 ------------------------------------------------------------------------- Generation plant availability (%) 86% 90% ------------------------------------------------------------------------- Revenues $313 $812 ------------------------------------------------------------------------- Gross margin(2) $120 $336 ------------------------------------------------------------------------- Operating margin(2) $55 $222 ------------------------------------------------------------------------- Normalized net income (loss)(2) $1 $13 ------------------------------------------------------------------------- Normalized earnings per share(2) $0.05 $0.60 ------------------------------------------------------------------------- Net income (loss) $(8) $5 ------------------------------------------------------------------------- Earnings (loss) per share $(0.37) $0.23 ------------------------------------------------------------------------- Dividends declared per share $0.315 $0.63 ------------------------------------------------------------------------- Funds from operations(2) $53 $165 ------------------------------------------------------------------------- Funds from operations excluding non-controlling interests in CPILP(2) $34 $121 ------------------------------------------------------------------------- Capital expenditures $133 $211 ------------------------------------------------------------------------- (1) The operational and financial highlights in this press release should be read in conjunction with Management's Discussion and Analysis and the Consolidated Financial Statements for the six months ended June 30, 2010. (2) Gross margin, Operating margin, Normalized net income, Normalized earnings per share, Funds from operations, and Funds from operations excluding non-controlling interests in CPILP are non-GAAP financial measures and do not have standardized meanings under Canadian GAAP, and therefore, may not be comparable to similar measures used by other enterprises. Reconciliations of these non-GAAP financial measures to net income are included in the Company's Management's Discussion and Analysis dated August 2, 2010. Corporate Updates ----------------- 

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