TORONTO, ONTARIO--(Marketwired - Dec. 12, 2014) - Capstone Infrastructure Corporation (TSX:CSE)(TSX:CSE.DB.A)(TSX:CSE.PR.A)(TSX:CPW.DB) will announce via press release its fiscal 2015 financial outlook after market close on Thursday, December 18, 2014. Capstone will subsequently hold a conference call on Friday, December 19, 2014 at 8:30 a.m. EST to discuss its fiscal 2015 outlook and provide commentary about the regulatory determination affecting Bristol Water announced today (December 12, 2014).
Ofwat, the regulator with oversight of the UK water industry, has now released its final determination for the business plan that will apply to Bristol Water for the AMP6 period spanning April 1, 2015 to March 31, 2020. Capstone acknowledges that Ofwat has augmented the total wholesale expenditure for Bristol Water to £409 million in the final determination, higher than draft determination level of £358.9 million.
Bristol Water has until February 12th (two calendar months from the final determination) to decide whether to accept Ofwat's final determination or to ask Ofwat to refer it to the Competition and Markets Authority (CMA). As the majority owner of Bristol Water, Capstone will carefully study Ofwat's final determination and incorporate those findings into its fiscal 2015 Outlook.
- Capstone will host an investor call on Friday, December 19 at 8:30 a.m. EST.
- The call will be hosted by Michael Bernstein, President and Chief Executive Officer, and Michael Smerdon, Executive Vice President and Chief Financial Officer.
- To listen to the call from Canada or the United States, dial 1-800-319-4610. If calling from elsewhere, dial +1-604-638-5340. A replay of the call will be available until January 26, 2015.
- The event will be webcast live with an accompanying slide presentation on the Corporation's website at www.capstoneinfrastructure.com.
About Capstone Infrastructure Corporation
Capstone's mission is to provide investors with an attractive total return from responsibly managed long-term investments in core infrastructure in Canada and internationally. The company's strategy is to develop, acquire and manage a portfolio of high quality utilities, power and transportation businesses, and public-private partnerships that operate in a regulated or contractually-defined environment and generate stable cash flow. Capstone currently has investments in utilities businesses in Europe and owns, operates and develops thermal and renewable power generation facilities in Canada with a total installed capacity of net 449 megawatts. Please visit www.capstoneinfrastructure.com for more information.