Atlantic Power Corporation Announces the Completed Sale of its Interests in the Path 15 Transmission Line and the Syndication of

Atlantic Power Corporation Announces the Completed Sale of its Interests in 
the Path 15 Transmission Line and the Syndication of its Tax Equity Investment 
in Canadian Hills 
BOSTON, May 2, 2013 /CNW/ - Atlantic Power Corporation (NYSE: AT) (TSX: ATP) 
("Atlantic Power" or the "Company") today announced the closing on April 30, 
2013 of its previously announced sale of the Company's interests in the Path 
15 transmission line (the "Sale"), including Atlantic Path 15 Transmission, 
LLC, Atlantic Holdings Path 15, LLC and Atlantic Path 15, LLC (collectively, 
"Path 15"). Atlantic Power received net cash proceeds from the Sale, including 
working capital adjustments, of approximately $56 million.  All debt issued by 
Path 15, totaling $137.2 million as of March 31, 2013, transferred with the 
The Company also announced today the syndication of its $44 million tax equity 
investment in the Canadian Hills wind project ("Canadian Hills") with Bank of 
America Merrill Lynch.  In December 2012, Canadian Hills received tax equity 
investments totaling $225 million from a consortium of four institutional tax 
equity investors.  At that time, Atlantic Power also made a $44 million tax 
equity investment in Canadian Hills.  Net cash proceeds received by the 
Company for its interest were approximately $42 million, which accounts for 
the receipt by the Company of cash distributions and tax benefits in 2013 and 
transaction costs.  The syndication of the Company's interest completes the 
sale of 100% of Canadian Hills' $269 million of tax equity interests. 
The Company intends to use the net proceeds from these transactions for 
general corporate purposes, including investment in future accretive growth 
About Atlantic Power Atlantic Power owns and operates a diverse fleet of power 
generation assets in the United States and Canada.  Atlantic Power's power 
generation projects sell electricity to utilities and other large commercial 
customers largely under long-term power purchase agreements, which seek to 
minimize exposure to changes in commodity prices.  Its power generation 
projects in operation have an aggregate gross electric generation capacity of 
approximately 3,019 MW in which its aggregate ownership interest is 
approximately 2,098 MW. Its current portfolio consists of interests in 
twenty-nine operational power generation projects across eleven states in the 
United States and two provinces in Canada.  Atlantic Power recently acquired 
Ridgeline Energy, Inc., a wind and solar development company located in 
Seattle, Washington, which enhances its ability to develop, acquire and 
operate wind and solar energy projects in the United States and Canada.  
Atlantic Power also owns a majority interest in Rollcast Energy, a biomass 
power plant developer in North Carolina. 
Atlantic Power has a market capitalization of approximately $600 million and 
trades on the New York Stock Exchange under the symbol AT and on the Toronto 
Stock Exchange under the symbol ATP.  For more information, please visit the 
Company's website at or contact: 
Atlantic Power Corporation  Amanda Wagemaker, Investor Relations  (617) 
Copies of financial data and other publicly filed documents get filed on SEDAR 
at or on EDGAR at under "Atlantic Power 
Corporation" or on the Company's website. 
Cautionary Note Regarding Forward-looking Statements To the extent any 
statements made in this news release contain information that is not 
historical, these statements are forward-looking statements within the meaning 
of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E 
of the U.S. Securities Exchange Act of 1934, as amended, and forward-looking 
information as defined under Canadian securities law (collectively, 
"forward-looking statements"). 
Certain statements in this news release may constitute "forward-looking 
statements", which reflect the expectations of management regarding future 
growth, results of operations, performance and business prospects and 
opportunities of the Company and its projects and other matters.  These 
statements, which are based on certain assumptions and describe the Company's 
future plans, strategies and expectations, can generally be identified by the 
use of the words "may," "will," "project," "continue," "believe," "intend," 
"anticipate," "expect" or similar expressions that are predictions of or 
indicate future events or trends and which do not relate solely to present or 
historical matters. Examples of such statements in this press release include, 
but are not limited, to statements with respect to the expectation that the 
Company will use net proceeds from the Sale and the syndication of its tax 
equity investment for general corporate purposes, including investment in 
future accretive growth opportunities, 
Forward-looking statements involve significant risks and uncertainties, should 
not be read as guarantees of future performance or results, and will not 
necessarily be accurate indications of whether or not, or the times at or by 
which, such performance or results will be achieved.  A number of factors 
could cause actual results to differ materially from the results discussed in 
the forward-looking statements, including, but not limited to, the factors 
discussed under "Risk Factors" in the Company's periodic reports as filed with 
the U.S. Securities and Exchange Commission and applicable securities 
regulatory authorities in Canada from time to time.  Although the 
forward-looking statements contained in this news release are based upon what 
are believed to be reasonable assumptions, investors cannot be assured that 
actual results will be consistent with these forward-looking statements, and 
the differences may be material.  These forward-looking statements are made as 
of the date of this news release and, except as expressly required by 
applicable law, the Company assumes no obligation to update or revise them to 
reflect new events or circumstances. 
SOURCE: Atlantic Power Corporation 
To view this news release in HTML formatting, please use the following URL: 
CO: Atlantic Power Corporation
ST: Massachusetts
-0- May/02/2013 21:00 GMT
Press spacebar to pause and continue. Press esc to stop.