A MIMO-capable base station allocates a maximum transmission power budget to each of its antennas. For serving each of one or more MIMO and non-MIMO users, one or more carriers are allocated. For each carrier, information about an amount of allocated MIMO and non-MIMO user resources associated with the carrier is used to derive coefficients. Each coefficient corresponds to a unique one of the antennas, and represents a proportion of a maximum power budget for the carrier. For each carrier, the coefficients and the maximum transmission power budget for the carrier are used to derive a maximum transmission power budget for each of the antennas. For each antenna, a total maximum transmission power budget for the antenna is derived by combining the derived maximum transmission power budgets of the carriers transmitted on the antenna. The total maximum power budget of the antenna should not exceed a limit for the antenna.