
BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES EDMONTON, Alberta, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities and Scotiabank (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 5,960,000 common shares of Capital Power (“Common Shares”) at an offering price of $58.80 per Common Share (the “Offering Price”) for total gross proceeds to the Company of approximately $350 million (the “Offering”). The Underwriters have also been granted an option (the “Over-Allotment Option”) to purchase up to an additional 894,000 Common Shares at the Offering Price. The Over-Allotment Option is exercisable, in whole or in part, at any time for a period of 30 days following the closing of the Offering. If the Over-Allotment Option is exercised in full, total gross proceeds to the Company from the Offering will be approximately $403 million. The Company intends to use the net proceeds from the Offering to fund future potential acquisitions and growth opportunities and for general corporate purposes. “North American power demand is undergoing unprecedented and multi-faceted growth, highlighting the need for reliable generation. Amid this backdrop, we are focused on opportunities to enhance our strategically positioned asset base but remain disciplined and focused on achieving our stated investment return thresholds. This financing, together with our recent renewable sell-down transaction, augments our strong balance sheet and positions us well to fund future growth opportunities,” said Avik Dey, President and Chief Executive Officer of Capital Power. The Common Shares will be offered in all provinces and territories of Canada by way of a prospectus supplement (the “Prospectus Supplement”) to Capital Power’s base shelf prospectus dated June 12, 2024 (the “Base Shelf Prospectus”). The Prospectus Supplement will be filed with the securities commissions or securities regulatory authorities in all the provinces and territories of Canada on or before December 12, 2024. The Common Shares will also be offered on a private placement basis to “qualified institutional buyers” pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). Completion of the Offering is subject to customary conditions, including requirements of the TSX. Closing of the Offering is anticipated to occur on December 17, 2024. All references to dollar amounts contained herein are to Canadian dollars. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release. This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act, and the rules and regulations thereunder. The securities referred to herein have not and will not be registered under the U.S. Securities Act or any state securities laws, and except pursuant to exemptions from registration requirements of the U.S. Securities Act or any state securities laws, there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States. Such securities may be offered in the United States only to “qualified institutional buyers” (as defined in and in reliance on Rule 144A under the U.S. Securities Act). Access to the Base Shelf Prospectus, the Prospectus Supplement, and any amendments to the documents will be provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days of the date hereof), accessible on the System for Electronic Data Analysis and Retrieval + (“SEDAR+”) at www.sedarplus.ca. The Common Shares are offered under the Prospectus Supplement. An electronic or paper copy of the Base Shelf Prospectus, the Prospectus Supplement (when filed), and any amendment to the documents may be obtained without charge, from TD Securities at 1625 Tech Avenue, Mississauga, Ontario L4W 5P5 Attention: Symcor, NPM, or by telephone at (289) 360-2009 or by email at sdcconfirms@td.com by providing the contact with an email address or address, as applicable. The Base Shelf Prospectus and Prospectus Supplement contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the Base Shelf Prospectus and Prospectus Supplement (when filed) before making an investment decision. Forward-looking Information Forward-looking information or statements included in this press release are provided to inform the Company’s shareholders and potential investors about management’s assessment of Capital Power’s future plans and operations. This information may not be appropriate for other purposes. The forward-looking information in this press release is generally identified by words such as will, anticipate, believe, plan, intend, target, and expect or similar words that suggest future outcomes. This press release includes forward-looking information and statements pertaining to the expected amount and intended use of the net proceeds of the Offering, any exercise of the Over-Allotment Option, the expected closing date of the Offering, North American power demand, the renewable sell-down transaction, and opportunities available to the Company. These statements are based on certain assumptions and analyses made by Capital Power considering its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate including its review of purchased businesses and assets. The material factors and assumptions used to develop these forward-looking statements relate to: (i) electricity natural gas, other energy and carbon prices, (ii) performance, (iii) business prospects and opportunities, (iv) the status of and impact of policy, legislation and regulations and (v) effective tax rates. Whether actual results, performance or achievements will conform to Capital Power’s expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results and experience to differ materially from Capital Power’s expectations. Such material risks and uncertainties include: (i) changes in electricity, natural gas and carbon prices in markets in which Capital Power operates and Capital Power’s use of derivatives, (ii) regulatory and political environments, including changes to environmental, climate, financial reporting, market structure and tax legislation, (iii) disruptions or price volatility within Capital Power’s supply chains, (iv) generation facility availability, wind capacity factor and performance, including maintenance expenditures, (v) ability to fund current and future capital and working capital needs, (vi) acquisitions, dispositions and developments, including timing and costs of regulatory approvals and construction, (vii) changes in the availability of fuel, (viii) the ability to realize the anticipated benefits of acquisitions and dispositions, (ix) limitations inherent in Capital Power’s review of acquired assets, (x) changes in general economic and competitive conditions, including inflation and the potential for a recession and (xi) changes in the performance and cost of technologies and the development of new technologies, and new energy efficient products, services and programs. See Risks and Risk Management in Capital Power’s Integrated Annual Report for the year ended December 31, 2023, prepared as of February 27, 2024, and Capital Power’s interim Management’s Discussion and Analysis for the three and nine months ended September 30, 2024, under Capital Power’s profile on SEDAR+ (www.sedarplus.ca), and other reports filed by Capital Power with Canadian securities regulators. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the specified approval date. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by applicable securities laws. Territorial Acknowledgement In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community. About Capital Power Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 9,300 MW of power generation at 32 facilities across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building clean power systems, and creating balanced solutions for our energy future. We are Powering Change by Changing PowerTM. For more information, please contact :
Almost everyone who has taken a flight has experienced or witnessed a seat-swapping situation. Between airline companies overbooking their flights and customers finding it challenging to confirm seats online, it sometimes feels like it's become increasingly common to be privy to this uncomfortable request. Enter Reddit user u/Safe_Ad_9314 , who recently posted on the r/AITAH subreddit, "Am I the a**hole for not giving up my window seat on a plane to a kid just because she threw a tantrum?" Here's what happened : "At this point, the dad leaned over and asked, 'Would you mind switching seats with her? She’s just a kid.'" "I politely explained that I had booked the window seat in advance because I really wanted to enjoy the view. The dad insisted, saying it would be 'nice of me' and that 'it wouldn’t hurt' to switch. I reiterated that I understood his frustration but didn’t think his daughter’s tantrum was a valid reason for me to give up a seat I specifically reserved. He sighed and tried to push further, but I stood my ground." "The girl cried for about 10 more minutes before her mom managed to calm her down with a tablet. However, the tension lingered. Throughout the flight, I could feel the parents throwing me judgmental looks, and when we landed, I overheard the mom muttering something like, 'Some people just have no heart.'" This made me wonder if I had been too rigid. I know kids can be a handful, but I also feel like giving in would’ve taught her that throwing a tantrum gets her what she wants. Still, I can't shake off the guilt. So, am I the a**hole? A lot of the comments focused on the belief that the kid's parents needed to set better boundaries with their kid: "I am a mum of three kids. If I were in this situation, I would explain to my kid that they couldn't have that seat because it was already occupied, which would be the end of it. Then, I'd distract them with a game." — u/Sure_Freedom3 "You teach your kids how society works and that not everything is always at their disposal. If you fail as a parent for something as simple as this, you know and deal with it. Other people shouldn't suffer because you screwed up. I'm a father of a 4-year-old." — u/hierosx "I learned when my kids were toddlers that the best policy was 'we do not negotiate with tantrumists.' No matter how petty the demand is, giving them what they want when throwing a tantrum teaches that tantrums are a viable way to get what you want. If tantrums never generate positive results, people stop throwing them." — u/BeBearAwareOK Some people thought that the person sitting in the window seat should confront the parents more directly: "You could say, 'My window isn't the only window on this plane; you could have paid extra like I did and chosen any window available. Your bad decisions do not determine my actions, and your bad parenting teaching your child they can take what they want by having a tantrum doesn't work with me. If you would like to take this further, please talk to one of the flight attendants.'" — u/philmcruch Still, some people believed that the person who posted was the a**hole: "You're not the a**hole for refusing to give up your seat. But you are the a**hole for being judgemental and assuming you have a right to parent their kid. Saying, 'I feel like giving in would’ve taught her that throwing a tantrum gets her what she wants,' is not your call to make." — u/wafflingwenger "You're the a**hole. What kind of grown-a** man wouldn’t give a window seat to a little 6-year-old baby? If you had given up the seat, the child's joy would have been worth it. Shame on you." — u/Laserjay1 Do you agree with the poll's results? When is it reasonable to expect somebody to give up their seat on a flight? Or is it never a fair expectation, regardless of circumstances? Let me know your thoughts in the comments! Note: Some of this submission was edited for length and/or clarity.Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolved
JPMorgan Chase & Co. stock rises Thursday, outperforms marketExpert: Human leadership stands unmatched in AI era
Christmas Light Installation Tips From Magic Mist Cleaning Service 12-10-2024 10:34 PM CET | Politics, Law & Society Press release from: ABNewswire Zanesville, OH - As the holiday season approaches, more and more residential and commercial property owners have Christmas light installation [ https://www.magicmistcleaningservice.com/christmas-light-installation-company-in-zanesville-ohio/ ] on their minds. Many have already done the work and are enjoying the colorful displays that resulted. Others are still planning a time to put up the lights, determining the best techniques for their projects, and acquiring the equipment they need. Magic Mist Cleaning Service, [ https://www.magicmistcleaningservice.com/ ] a local pressure washing business that also provides Christmas light installation services, provides helpful pointers for the people of the Zanesville area to keep in mind as they prepare their homes for the holidays. Safety Always Comes First Installing Christmas lights is a process that literally takes people to new heights. Because of this, it is important to exercise the utmost safety during light installation projects. When using a ladder, always make sure it is placed on a firm, stable surface, and keep both feet firmly placed on the ladder's rungs. Additionally, one should never step out of their comfort zone when hanging Christmas lights with a ladder. Do not reach far away from the ladder; climb down, reposition the ladder, and climb back up. Additionally, one of two hands should be placed on the ladder whenever possible to steady one's balance. It is also recommended to be mindful of the weather when planning Christmas light installation. A clear winter day with no precipitation is the best choice for the job. Avoid hanging Christmas lights when it is snowing heavily, raining, or hailing. These weather conditions can obscure one's vision, make surfaces such as ladder rungs slippery, and increase the risk of personal injury. Slow and Steady Wins the Race As the old saying goes, "You can't rush perfection." Similarly, a Christmas light installation will go more smoothly if the property owner gives themselves the time to do it correctly. A few strings of light hastily slung onto a roof will not impress anybody, and the end result could wind up appearing tacky and detrimental to the property. On the other hand, Christmas lights that are deliberately and carefully installed will prove to be visually stunning. It is also worth noting that not rushing the Christmas light installation process is an effective way of avoiding injury as well. Most injuries are caused by hastiness, so take the time to plan an effective course of action. Schedule Professional Light Installation to Skip the Hassle Property owners who wish to avoid the time investment, physical labor, and potential risks of DIY Christmas light installation may opt for professional installation services instead. There are many companies in Zanesville, OH that offer these services; Magic Mist Cleaning Service is just one of many options. This company has a fully trained team that has decorated properties of all shapes and sizes, including one-story homes, two-story homes, and even office complexes. This makes Magic Mist Cleaning Service a great option for both residential and commercial property owners. About Magic Mist Cleaning Service Magic Mist Cleaning Service is proud to be Zanesville's [ https://maps.app.goo.gl/jAKqZYJAxoYuCmgE7 ] choice for Christmas light installation services in addition to pressure washing services. Property owners who wish to give their homes or businesses the best possible look for the holidays are encouraged to reach out to the company. Magic Mist Cleaning Service will be delighted to not only hang up Christmas lights but also clean exterior surfaces so they can be just as beautiful. For more information about Magic Mist Cleaning Service, visit their website [ https://www.magicmistcleaningservice.com/ ] or call (833) 822-9236. Media Contact Company Name: Magic Mist Cleaning Service Contact Person: Rowdy Williams Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=christmas-light-installation-tips-from-magic-mist-cleaning-service ] Phone: (833) 822-9236 City: Zanesville State: Ohio Country: United States Website: https://www.magicmistcleaningservice.com/ This release was published on openPR.WEST FARGO — When Happy, a sweet but oblivious-to-danger 9-year-old mare scraped up her back leg once again, owner Alicia Severson was able to call on Casselton Veterinary Service to visit her Gandin, N.D., farm and patch up Happy. But when it comes to a recurring ligament injury Happy sustained while competing in a barrel competition, Severson and many other horse and farm animal owners are finding it more difficult every year to find big animal veterinarians, and especially ones that specialize in certain care. ADVERTISEMENT "There is absolutely a shortage," Severson said. For decades, ranchers have been sounding the alarm about a shortage of rural veterinarians and new big animal vets, and especially those who specialize in caring for horses, cows, pigs and sheep. The problem persists despite land grant universities such as North Dakota State University, who often send undergraduates interested in the profession to far-away schools for continuing education. According to the U.S. Department of Agriculture , 500 counties across 46 states reported critical shortages of big animal vets. And while large animal veterinarians have long been a challenge to find in rural areas, where they are most needed, veterinarians who specialize in horses are also waning. That's despite the increasing popularity and availability in North Dakota and Minnesota for younger generations to compete in equine activities. According to an online database, about 43,200 horses call North Dakota home, which is about one horse per 18 people in the state. Leon Glasser, president of the North Dakota Quarter Horse Racing Association, has been breeding, raising and racing horses for more than 40 years, working to improve the quality of racehorses born in North Dakota. Over the years, he's watched the number of veterinarians willing to work with horses dwindle quickly. "Are we short of equine vets in this area? Absolutely, we are," Glasser said. He said a veterinary clinic in New Salem, N.D., will now only provide simple paperwork needed for owners to transport horses across state lines for care and Missouri Valley Vet Clinic in Bismarck has also limited equine services in the same way. Most newer veterinarians prefer to work on dogs and cats exclusively, he said. ADVERTISEMENT Severson agreed, noting it is also difficult to find a veterinarian who has experience treating goats, as the Seversons have two goats at their farm along with the horses and a cat. For Happy's ligament issue, of which she's had recurring surgeries and needs sporadic treatment, Severson worked with an equine sports medicine specialist based in the Twin Cities but would travel into western Minnesota. However, that veterinarian recently retired, leaving Severson on the hunt to find another specialist within a few hundred miles of the Red River Valley. "Nothing takes the place of a seasoned veterinarian," Severson said. "Thankfully, Casselton [Veterinary Service] is fabulous when it comes to when my horse is injured. But when it comes to long-term stuff that she's dealing with, it's difficult." Dr. Alexa Weyer at Casselton Veterinary grew up in Snohomish, Wash., a farm town north of Seattle, and graduated with a bachelor's degree in biology from the University of North Dakota before finishing her doctorate in Veterinary Medicine at Auburn University in Alabama. Following graduation, she began working at Casselton Veterinary in early 2021. "There is definitely a shortage of people interested in large animal practice, and we would love to see more interest," Weyer said. To be a veterinarian requires a doctorate degree from a veterinary school or program accredited by the American Veterinary Medical Association and passing the North American Veterinary Licensing Exam, which is an extensive 360-question exam on all species (dogs, cats, horses, cows, goats, pigs, birds, reptiles, rabbits, fish and more) and all aspects of veterinary medicine. ADVERTISEMENT Veterinarians can choose to either go straight into general practice after graduation or they can seek further education to become a specialist. To be a veterinarian technician requires a two- or four-year veterinary technology degree, depending on the program. Derine Winning, a veterinarian at Valley Veterinary Hospital in Fargo and public policy adviser for the North Dakota Veterinary Medical Association, said the vast majority — about 70% — of new graduate veterinarians became companion animal practitioners in 2023. Almost 10% became mixed animal practitioners and only 6% became equine practitioners. The data comes from the American Veterinary Medical Association's 2024 Economic State of the Profession Report. "There are a lot of different areas in which veterinarians can become board certified through advanced education and training," Winning said. Animal specialists of any kind can be difficult to find locally, although Winning said the Red River Animal and Emergency Hospital and Referral Center in Fargo does have some specialists in oncology, surgery, internal medicine and emergency and critical care. Casselton Veterinary provides many large animal services from emergency on-call care to posting a doctor and technician for nights and weekends. In addition to their vets traveling to farms, the clinic has a large treatment area with two stocks and stalls for hospitalization and breeding care. The clinic also has several portable imaging tools. Weyer said the trend of vets moving away from rural areas can be seen in the growing need for referrals. "Unfortunately, most referral facilities across the country for large and small animals are in areas of high population density. For large animals, there are even fewer facilities and they tend to be at universities with veterinary schools or in areas of high equine concentration," she said. ADVERTISEMENT While the Casselton doctors work with a variety of places for specialty referrals, Sturgis Equine in western South Dakota and the University of Minnesota are probably most used by the clinic. Still, the closest drive is about four hours. Weyer said referrals are typically needed for colic surgery, arthroscopic surgery, advanced imaging or advanced hospitalizations. "In general practice like we are, there are always times to refer. For our clients, it would be nice to have a closer option, but a lot of areas in the country are even farther from referral than we are," Weyer said. Beth Carlson, deputy veterinarian with the North Dakota Department of Agriculture, said rural areas most in need of large animal veterinarians may not attract college graduates with those abilities. "The ratio of large animal veterinarians has shifted quite a bit," Carlson said. "Certainly there are areas of the state where it is difficult to hire veterinarians for a variety of reasons. In some cases it's challenging to hire veterinarians even in urban areas as well." One challenge is the cost of becoming a veterinarian. The USDA offers a program that provides up to $75,000 in veterinary school loan repayment to graduates who agree to work in underserved rural communities a minimum of three years. While some in Congress have recently proposed increasing that amount, it can still be daunting as new veterinarians, on average, face about $190,000 in school debt over the eight years needed to become a veterinarian. ADVERTISEMENT According to the American Veterinary Medicine Association, the mean starting salary for a veterinarian working predominantly in the treatment of food animals is about $85,000, but it was more than $100,000 for those who specialize in pet care. The North Dakota Department of Agriculture does work with residents interested in attending veterinary school. Carlson said her office assists with applications for veterinary loan repayment programs. "There are a few different ways that the state and federal government has approached that issue," Carlson said. While NDSU has a veterinarian technician program, there are currently no veterinary schools in North Dakota. In fact, there are only about 30 veterinary schools nationwide. The closest to North Dakota and some of the most renowned veterinary medicine schools are the University of Minnesota, University of Iowa and Kansas State. "NDSU is a great agricultural school and has a great veterinary technician program," Weyer said. "It might be nice to have a veterinary doctorate program at NDSU, but I am not sure that the population is there yet to support one."OpenAI and military defense technology company Anduril Industries said Wednesday that they would work together to use artificial intelligence for "national security missions." The ChatGPT-maker and Anduril will focus on improving defenses against drone attacks, the companies said in a joint release. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! 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The Be on the Lookout or BOLO campaign is out with the top 25 most wanted suspects in Canada. These are suspects in ongoing criminal investigations, identified as the most dangerous in the country. Eight suspects on the new list are wanted by Toronto police. As Chris Glover reports, police are hopeful a more advanced website using AI technology will help track some of them down.Bengals quarterback Joe Burrow 's home was broken into during Monday Night Football in the latest home invasion of a pro athlete in the U.S., authorities said Tuesday. No one was injured in the break-in, but the home was ransacked, according to a report provided by the Hamilton County Sheriff's Office. Deputies weren't immediately able to determine what items were stolen. A person who is employed by Burrow arrived at the Anderson Township home Monday night to find a shattered bedroom window and the home in disarray. The person called their mother, and then 911 was contacted, according to the report. Deputies reached out to neighbors in an attempt to piece together surveillance footage. “Our investigators are exploring every avenue,” public information officer Kyla Woods said. The homes of Chiefs stars Patrick Mahomes and Travis Kelce were broken into in October. In the NBA , Milwaukee Bucks forward Bobby Portis had his home broken into Nov. 2 and Minnesota Timberwolves guard Mike Conley Jr.'s home was burglarized on Sept. 15 while he was at a Minnesota Vikings game. Portis had offered a $40,000 reward for information. Both the NFL and NBA issued security alerts to players after those break-ins, urging them to take additional precautions to secure their homes. In league memos previously obtained by The Associated Press, the NFL said homes of professional athletes across multiple sports have become “increasingly targeted for burglaries by organized and skilled groups.” And the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Some of the burglary groups have conducted extensive surveillance on targets, including attempted home deliveries and posing as grounds maintenance or joggers in the neighborhood, according to officials. ___ AP NFL: https://apnews.com/hub/nfl