December 18, 2014 1:48 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Alterra Power Corp.

Company Overview

Alterra Power Corp., together with its subsidiaries, is engaged in the acquisition, exploration, development, and operation of renewable power projects. As at December 31, 2013, it operated 6 power plants totaling 566 mega-watts (MW) of capacity, including 2 geothermal power plants in Iceland; 1 geothermal power plant in Nevada; 1 wind farm in British Columbia; and 2 run of river hydro power plants in British Columbia. The company owns 260 MW share of capacity generates approximately 1,300 GWh of clean power annually. It also has a portfolio of exploration and development projects. The company was formerly known as Magma Energy Corp. and changed its name to Alterra Power Corp. in May 2011. A...

888 Dunsmuir Street

Suite 600

Vancouver, BC V6C 3K4


Founded in 2008





Key Executives for Alterra Power Corp.

Chief Executive Officer and Director
Total Annual Compensation: $401.7K
Chief Financial Officer
Total Annual Compensation: $116.3K
Vice President of Hydro Power
Total Annual Compensation: $246.7K
Vice President of Wind and Geothermal Power
Total Annual Compensation: $243.8K
Compensation as of Fiscal Year 2013.

Alterra Power Corp. Key Developments

Alterra Power Corp. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014 and Production Results for the Third Quarter Ended September 30, 2014

Alterra Power Corp. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported consolidated revenue increased 15% to $16.2 million against $14.1 million the comparative quarter, as a result of favorable aluminum price movements and an increase in retail sales at HS Orka and increased generation at Soda Lake. Consolidated EBITDA remained steady at $20.4 million and net interest EBITDA increased by 1% to $17.8 million against the comparative quarter, primarily due to increased revenue at HS Orka. Net income was $2.4 million, a decline against the comparative quarter of $16.4 million. This change is largely due to insurance proceeds received in the comparative quarter at Toba Montrose and changes in non-cash items including For nine months, cash flow from operations was $15.5 million an increase of 15% from the comparative period due to distributions received from Toba Montrose and Blue Lagoon in the period. For the third quarter ended September 30, 2014, total power projects generated 390,278 MWh of clean power (net interest), achieving 100% of budgeted generation.

Alterra Power Corp. to Report Q3, 2014 Results on Nov 12, 2014

Alterra Power Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 12, 2014

Alterra Power Corp., Q3 2014 Earnings Call, Nov 13, 2014

Alterra Power Corp., Q3 2014 Earnings Call, Nov 13, 2014

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