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EDMONTON - Capital Power Corporation (TSX:CPX), showing strong revenue growth of 24.7% over the last twelve months, announced Monday that Ferio Pugliese has joined the company as Senior Vice President, Chief Corporate Officer, effective immediately. According to InvestingPro analysis, the company maintains a GOOD financial health score, suggesting solid operational fundamentals.
Pugliese succeeds Jacquie Pylypiuk and will oversee several departments including People & Culture, Information Services, Data Science & Insights, Energy Markets & Low Carbon Solutions, and Communications & Community Engagement.
The Edmonton-based power producer also announced Roger Huang joined as Vice President, Corporate Development and U.S. Renewables on June 5, 2025. In this newly created position, Huang reports directly to the CEO and will focus on advancing the company’s growth initiatives, corporate partnerships, and U.S. renewables platform.
"He is a proven business leader with a deep commitment to talent development," said Avik Dey, President & CEO, referring to Pugliese in the company statement. Dey also acknowledged Pylypiuk’s contributions, expressing gratitude for "her service and leadership over the years."
Pugliese brings leadership experience from multiple sectors including energy and aerospace, while Huang has previously held senior executive roles in private equity and industry.
Capital Power operates approximately 12 GW of power generation across 32 facilities in North America, according to the press release statement. With current trading levels suggesting the stock may be undervalued based on InvestingPro’s Fair Value analysis, investors seeking detailed insights can access comprehensive Pro Research Reports covering 1,400+ top stocks, including Capital Power’s complete financial health assessment and growth prospects.
In other recent news, Capital Power Corporation has announced a $1.2 billion private offering of senior notes. The offering includes $700 million of 5.257% senior notes due in 2028 and $500 million of 6.189% senior notes due in 2035, issued by its U.S. subsidiary, Capital Power (US Holdings) Inc. The proceeds from this offering are intended to partially fund the acquisition of two natural gas facilities, Hummel Station in Pennsylvania and Rolling Hills Generating in Ohio, which will collectively add over 2,100 MW to Capital Power’s capacity. Should the acquisition not be completed by January 15, 2026, or an extended date, Capital Power plans to redeem the 2035 Notes and use the remaining proceeds for other corporate purposes, such as potential acquisitions and capital development. The notes are being offered to qualified institutional buyers and non-U.S. persons under specific regulatory exemptions. Capital Power has highlighted that these developments are contingent on customary closing conditions, including regulatory approvals. The company has also noted the presence of risks and uncertainties related to these forward-looking statements.
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