EPCOR Completes $225 Million Secondary Offering of Capital Power Common Shares

On April 2, 2015, EPCOR Utilities Inc. ("EPCOR") completed its sale of 9,450,000 common shares of Capital Power Corporation ("Capital Power") at an offering price of $23.85 per common share for aggregate gross proceeds to EPCOR Power Development Corporation of $225,382,500. The aggregate offering is comprised of an offering of 9,000,000 shares at $23.85 per share for gross proceeds of approximately $214 million, together with the underwriters exercising the over-allotment option for the sale of an additional 450,000 shares at $23.85 per share for additional gross proceeds of approximately $11 million. The underwriting syndicate for the offering was co-led by CIBC and TD Securities Inc. as bookrunners.

EPCOR's in-house counsel was led by Dana Bissoondatt.

Norton Rose Fulbright Canada LLP acted as counsel to EPCOR with a team that included Don Tse, Peter Allegretto (Capital Markets) and Darren Hueppelsheuser (Tax).