Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. The company’s power generation projects sell electricity to utilities and other large commercial customers largely under long-term power purchase agreements (PPAs), which seek to minimize exposure to changes in commodity prices. As of December 31, 2014, the company’s power generation projects in operation had an aggregate gross electric generation capacity of approximately 2,945 megawatts (MW) in which its aggregate ownership interest was approximately 2,024 MW. The company’s portfolio consists of interests in 28 operational power generation projects across 11 states in the United States and 2 provinces in Canada. The company also sells steam from its projects to industrial purchasers under steam sales agreements. 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. The company focuses on generating stable operating margins via contracted cash flows from its existing assets. Regulations 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. 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)
One Federal Street
Boston, MA 02110
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