A circuit breaker having at least one capacitor assembly connected in parallel across a contact of the circuit breaker. The capacitor assembly can be housed with the contact within a sealed enclosure of the circuit breaker. The enclosure can be configured to house an insulating medium that is configured to reduce or quench an arc(s) that may form at least when the contact of the circuit breaker is displaced from a closed position to an open position. The capacitor assembly, which includes a transient recovery voltage (TRV) capacitor, can be configured to delay terminal fault and short line fault TRV and the rate of rise of the initial TRV (ITRV) that can appear across the open contact of the circuit breaker.