Capital Power Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Avik Dey

Chief executive officer

CA$4.5m

Total compensation

CEO salary percentage	11.8%
CEO tenure	1.5yrs
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Avik Dey's remuneration changed compared to Capital Power's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CA$520m
Jun 30 2024	n/a	n/a	CA$613m
Mar 31 2024	n/a	n/a	CA$626m
Dec 31 2023	CA$5m	CA$532k	CA$710m

Compensation vs Market: Avik's total compensation ($USD3.22M) is about average for companies of similar size in the German market ($USD3.48M).

Compensation vs Earnings: Insufficient data to compare Avik's compensation with company performance.

CEO

Avik Dey (46 yo)

1.5yrs

Tenure

CA$4,525,897

Compensation

Mr. Avik Dey is Independent Director of Seven Generations Energy Ltd. from November 06, 2015. He serves as President, Chief Executive Officer and Director at Capital Power Corporation since May 8, 2023.He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Avik Dey	President	1.5yrs	CA$4.53m	no data
Sandra Haskins	Senior VP of Finance & CFO	4.3yrs	CA$1.70m	0.0077% € 417.5k
Jacquelyn Pylypiuk	SVP of Technology and Chief People & Culture Officer	9.6yrs	CA$872.80k	0.011% € 599.2k
Bryan DeNeve	Senior VP & Chief Commercial Officer	1.3yrs	CA$1.80m	0.00095% € 51.5k
Jason Comandante	Senior VP & Head of Canada	1.3yrs	CA$287.96k	0.0062% € 335.1k
Steve Wollin	Senior Vice President of Operations	1.2yrs	no data	no data
Roy Arthur	Vice President of Investor Relations	no data	no data	no data
Pauline McLean	SVP of External Relations & Chief Legal Officer	1.2yrs	no data	no data
Katherine Perron	Media Relations & Communications Manager	no data	no data	no data
May Wong	Senior VP of Strategy	1.2yrs	no data	0.00056% € 30.4k
Colleen Legge	Corporate Secretary	no data	no data	no data

1.3yrs

Average Tenure

57yo

Average Age

Experienced Management: 2CP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Avik Dey	President	1.5yrs	CA$4.53m	no data
Barry Perry	Independent Director	3.7yrs	CA$198.00k	0.020% € 1.1m
Robert Phillips	Independent Director	5.6yrs	CA$181.50k	0.0048% € 259.2k
Neil Smith	Director	less than a year	no data	no data
Carolyn Graham	Independent Director	1.3yrs	CA$76.33k	0.00095% € 51.5k
Jane Peverett	Independent Director	5.7yrs	CA$189.50k	0.0015% € 83.0k
Brian Trent	Independent Director	7.6yrs	CA$262.13k	no data
George Williams	Director	less than a year	no data	no data
Kelly Huntington	Independent Director	9.4yrs	CA$265.46k	no data
Jill Gardiner	Independent Chairperson of the Board	9.5yrs	CA$342.50k	0.0078% € 421.8k
Gary Bosgoed	Independent Director	2.4yrs	CA$184.00k	no data

3.7yrs

Average Tenure

62yo

Average Age

Experienced Board: 2CP's board of directors are considered experienced (3.7 years average tenure).

Capital Power Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Capital Power Corporation Announces Board Changes

Senior VP & Chief Commercial Officer recently bought €506k worth of stock

Capital Power Corporation, Annual General Meeting, Apr 30, 2024

Senior VP & Chief Commercial Officer recently sold €389k worth of stock

Senior Vice President of Operations recently bought €547k worth of stock

Recent updates

Third quarter dividend of CA$0.65 announced

Third quarter 2024 earnings released: EPS: CA$1.32 (vs CA$2.27 in 3Q 2023)

Capital Power Corporation Declares Dividends for Its Common Shares, Payable on January 31, 2025

Capital Power Corporation to Report Q3, 2024 Results on Oct 30, 2024

Upcoming dividend of CA$0.65 per share

New minor risk - Insider selling

Second quarter dividend of CA$0.65 announced

Capital Power Corporation announces Quarterly dividend, payable on October 31, 2024

Second quarter 2024 earnings released: EPS: CA$0.51 (vs CA$0.68 in 2Q 2023)

Capital Power Corporation Declares Dividend for the Quarter Ending September 30, 2024, Payable on October 31, 2024

Capital Power Corporation to Report Q2, 2024 Results on Jul 31, 2024

Capital Power Corporation Announces Genesee Generating Station Is Off Coal - All Units 100% Natural Gas-Fueled

High number of new directors

Capital Power Corporation Announces Board Changes

Senior VP & Chief Commercial Officer recently bought €506k worth of stock

First quarter dividend of CA$0.61 announced

Capital Power Corporation Declares Dividend for the Quarter Ending June 30, 2024, Payable on July 31, 2024

First quarter 2024 earnings released: EPS: CA$1.74 (vs CA$2.39 in 1Q 2023)

Capital Power Corporation to Report Q1, 2024 Results on May 01, 2024

Now 21% undervalued

Upcoming dividend of CA$0.61 per share

New major risk - Financial position

Third quarter dividend of CA$0.61 announced

New major risk - Financial position

Capital Power Corporation Declares a Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

Full year 2023 earnings released

Capital Power Corporation, Annual General Meeting, Apr 30, 2024

New minor risk - Shareholder dilution

Capital Power Corporation (TSX:CPX) completed the acquisition of CXA La Paloma, LLC from CSG Investments, Inc.

Capital Power Corporation to Report Q4, 2023 Results on Feb 28, 2024

Capital Power Corporation (TSX:CPX) completed the acquisition of 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership for $97.5 million.

Upcoming dividend of CA$0.61 per share at 6.6% yield

Senior VP & Chief Commercial Officer recently sold €389k worth of stock

Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 300.01995 million.

Capital Power Corporation has filed a Follow-on Equity Offering in the amount of CAD 300.01995 million.

Now 22% undervalued after recent price drop

Capital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire 1,062 MW La Paloma natural gas-fired generation facility in Kern County, California of CSG Investments, Inc.

Capital Power Corporation Declares Dividend for the Quarter Ending December 31, 2023, Payable on January 31, 2024

Now 21% undervalued after recent price drop

Capital Power Corporation (TSX:CPX) entered into an agreement to acquire a 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership for $100 million.

Capital Power Corporation to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of CA$0.61 per share at 6.0% yield

Senior Vice President of Operations recently bought €547k worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: CA$0.74 (vs CA$0.59 in 2Q 2022)

Capital Power Corporation Declares Dividend for the Third Quarter 2023, Payable on October 31, 2023

Capital Power Corporation Announces Board Changes

Capital Power Corporation to Report Q2, 2023 Results on Aug 02, 2023

Capital Power Corporation Provides an Update on the Genesee Repowering Project

Upcoming dividend of CA$0.58 per share at 5.2% yield

New major risk - Revenue and earnings growth

Senior Vice President of Operations recently sold €907k worth of stock

First quarter 2023 earnings released: EPS: CA$2.45 (vs CA$0.96 in 1Q 2022)

Senior Vice President of Operations recently bought €84k worth of stock

Upcoming dividend of CA$0.58 per share at 5.7% yield

Full year 2022 earnings released: EPS: CA$0.85 (vs CA$0.39 in FY 2021)

Capital Power Corporation, Annual General Meeting, Apr 28, 2023

Capital Power Corporation to Report Q4, 2022 Results on Mar 01, 2023

Upcoming dividend of CA$0.58 per share

Third quarter 2022 earnings released: EPS: CA$0.29 (vs CA$0.23 in 3Q 2021)

Capital Power Corporation Declares Dividend for the Quarter Ending December 30, 2022, Payable on January 31, 2023

Capital Power Corporation to Report Q3, 2022 Results on Oct 31, 2022

Capital Power Corporation (TSX:CPX) and Manulife Infrastructure Fund II, L.P., managed by Manulife Investment Management completed the acquisition of Midland Cogeneration Venture Limited Partnership from OMERS Infrastructure Management Inc. and others.

Upcoming dividend of CA$0.58 per share

Second quarter 2022 earnings released: EPS: CA$0.59 (vs CA$0.055 in 2Q 2021)

Capital Power Corporation Increases Annual Dividend Growth Guidance

Capital Power Corporation (TSX:CPX) and Manulife Infrastructure Fund II, L.P., managed by Manulife Investment Management signed an agreement to acquire Midland Cogeneration Venture Limited Partnership from OMERS Infrastructure Management Inc. and others for approximately $890 million.

Capital Power Corporation to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of CA$0.55 per share