Capstone Infrastructure Corporation Provides 2015 Outlook - Seite 3

Bristol Water has until February 12, 2015 to decide whether to reject the final determination, and the subsequent CMA process is expected to conclude in August 2015. There is precedent for this process at Bristol Water, which rejected the final determination for the previous regulatory period, AMP5. That outcome was appealed to the Competition Commission, the predecessor organization to the CMA, with the ultimate result that Bristol Water received a significantly improved business plan.

Conference Call

• 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 [phone]. 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 build and responsibly manage a high quality portfolio of infrastructure businesses in Canada and internationally in order to deliver a superior total return to shareholders by providing reliable income and capital appreciation. Capstone's portfolio comprises investments in Canada's power infrastructure, including gas cogeneration, wind, hydro, biomass and solar power generating facilities, representing approximately net 449 megawatts³ of installed capacity, and contracted wind power development projects totaling an expected net 86.9 megawatts of capacity. Capstone also invests in utilities, including a 33.3% interest in a district heating business in Sweden, and a 50% interest in a regulated water utility in the United Kingdom. Please visit www.capstoneinfrastructure.com for more information.

¹ - See Notice to Readers.

² - "Adjusted EBITDA", "Adjusted Funds from Operations", and "Payout Ratio" are non-GAAP financial measures and do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS").
Adjusted EBITDA is calculated as revenue less operating and administrative expenses and project development costs plus interest income and dividends or distributions received from equity accounted investments. Operating expenses are adjusted to actual costs by transferring the portion of Cardinal gas payments included in other gains and losses as required by IFRS. Amounts attributed to any non-controlling interest are deducted. Adjusted EBITDA for investments in subsidiaries with non-controlling interests is included at Capstone's proportionate ownership interest.