Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. The company also owns Ridgeline Energy Holdings, Inc., a wind and solar developer in Seattle, Washington. As of December 31, 2013, the company’s power generation projects in operation had an aggregate gross electric generation capacity of approximately 2,948 megawatts consisting of interests in 28 operational power generation projects across 11 states in the United States and 2 provinces in Canada. The company sells the capacity and energy from its power generation projects under power purchase agreements to a variety of utilities and other parties. It also sells steam from its projects to industrial purchasers under steam sales agreements. The company also holds a 300 megawatts wind farm project located in Oklahoma; and a 53 megawatts biomass project under construction in Georgia. The company directly operates and maintains the majority of its power generation projects. It also partners with companies in the independent power industry to operate and maintain its other projects, including Colorado Energy Management (CEM) and Power Plant Management Services (PPMS). Business Strategy The company’s corporate strategy is to increase the value of the company through both organic growth and potential acquisitions in North America. It focuses on generating stable operating margins via contracted cash flows from its existing assets. Customers The company sells its electricity to utilities and other commercial customers. Regulation In the United States, the power generation and sale aspects of the company’s projects are primarily regulated by the Federal Energy Regulation Commission (FERC), although most of its projects benefit from the special provisions accorded to Qualifying Facilities (QFs) or Exempt Wholesale Generators (EWGs). In Canada, electricity generation is subject primarily to provincial regulation. Its projects in British Columbia are therefore subject to different regulatory regimes from the company’s projects in Ontario. Significant Events In 2013, the company sold its Auburndale Power Partners, L.P., Lake CoGen, Ltd., and Pasco CoGen, Ltd. Projects. History Atlantic Power Corporation was founded in 2004. The company was incorporated in 2004 under the laws of British Columbia.
atlantic power corp
(ATP:Toronto Stock Exchange)
One Federal Street
Boston, MA 02110
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