DBRS Rates Capital Power L.P. MTN Offering at BBB with a Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to the prospective $250 million offering of Capital Power L.P. (Capital Power or the Partnership) of 4.85% medium-term notes, due February 21, 2019. This offering is expected to settle on February 21, 2012.

The Notes will be direct unsecured obligations of the Partnership, will rank equally and paripassu with all the other unsecured and unsubordinated indebtedness of the Partnership and will be issued under the $1.0 billion base shelf prospectus dated April 14, 2010, and pricing supplement dated February 14, 2012.

Proceeds will be used for repayment of amounts owing under credit facilities, financing ongoing capital projects, for working capital requirements and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Companies in the Non-Regulated Electric Generation Industry, which can be found on our website under Methodologies.