Key Developments: Atlantic Power Corp (ATP.TO)

ATP.TO on Toronto Stock Exchange

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27 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Atlantic Power Corp Completion of acquisition or disposition of Assets - Form 8K
Friday, 26 Jun 2015 02:28pm EDT 

Atlantic Power Corp:Says entered into a definitive agreement with TerraForm AP Acquisition Holdings, LLC, an affiliate of SunEdison, Inc. to sell the wind generation projects on June 26, the Sale was completed.Says sale by the company of 100 pct of direct membership interests in TerraForm AP Holdings, LLC was for aggregate cash proceeds of $333 mln after estimated transaction fees, transaction-related taxes and other working capital adjustments.  Full Article

Atlantic Power Corp completes the sale of its wind portfolio and announces call of its senior unsecured notes
Friday, 26 Jun 2015 02:17pm EDT 

Atlantic Power Corp:Completes its wind portfolio to an affiliate of SunEdison, Inc for cash proceeds of about $347 mln, net of closing adjustments.Says has called for redemption all of its outstanding 9.0 percent senior unsecured notes due November 2018.Says the outstanding principal amount to be redeemed is approximately $310.9 million.Deconsolidated about $249 million of project debt,$229 million of noncontrolling interest related to tax equity interests at Canadian hills.Says net proceeds to Atlantic Power from the wind sale are expected to be approximately $333 million.Notes will be redeemed in approximately thirty days at a redemption price equal to 104.50 percent of the principal amount.Says proceeds will be used to fund the redemption of the senior unsecured notes.Also deconsolidated minority ownership interests at Rockland and Canadian hills.  Full Article

Atlantic Power Corp announces quarterly June common share dividend
Friday, 15 May 2015 12:00pm EDT 

Atlantic Power Corp:Declares dividend of C$0.03 per common share.Payable on June 30.Record date as on May 29.  Full Article

Atlantic Power Corp lowers FY 2015 EBITDA guidance
Thursday, 7 May 2015 05:20pm EDT 

Atlantic Power Corp:Says FY 2015 guidance revised for wind sale and planned use of proceeds.Expects FY 2015 total company project adjusted EBITDA of $200 million to $220 million (previously $265 million to $285 million).FY 2015 EBITDA of $232 million - Thomson Reuters I/B/E/S.  Full Article

Atlantic Power Corp announces agreement for sale of its Wind Portfolio
Wednesday, 1 Apr 2015 08:00am EDT 

Atlantic Power Corp:Says an agreement (purchase agreemenT) to sell its wind generation projects to TerraForm Power Inc for cash proceeds of about $350 mln, subject to certain adjustments.In addition to receipt of about $350 mln in cash proceeds.On that basis, total enterprise value (EV) of transaction is expected to be about $837 mln, net of estimated reserves and other cash at projects at closing.  Full Article

Atlantic Power Corp declares dividend on Series 1 Shares, the Series 2 and the Series 3 Shares
Thursday, 5 Mar 2015 12:00pm EST 

Atlantic Power Corp:Declares quarterly dividends of C$0.303125 per share on its Cumulative Redeemable Preferred Shares, Series 1, C$0.348125 on its Cumulative Rate Reset Preferred Shares, Series 2 and C$0.318125 on its Cumulative Floating Rate Preferred Shares, Series 3.Payable on March 31 to shareholders of record at the close of business on March 13.  Full Article

Atlantic Power Corp gives FY 2015 EBITDA guidance below analysts' estimates
Thursday, 26 Feb 2015 05:28pm EST 

Atlantic Power Corp:Projects FY 2015 total adjusted EBITDA of $265 to $285 million.FY 2015 EBITDA of $287 million - Thomson Reuters I/B/E/S.  Full Article

Atlantic Power Corp announces quarterly March 2015 common share dividend
Friday, 13 Feb 2015 12:00pm EST 

Atlantic Power Corp:Announces distribution for quarter ending March 31, 2015.Says that a dividend of C$0.03 per common share will be payable on March 31, to holders of record at close of business on Feb. 27.  Full Article

Atlantic Power Corporation names James J. Moore, Jr. as President and CEO
Friday, 23 Jan 2015 08:00am EST 

Atlantic Power Corp:Appointed James J. Moore, Jr. as the Company's President and Chief Executive Officer and member of the Board of Directors effective Jan. 26.Says Moore replaces Ken Hartwick, Interim President and CEO, who guided the company during the search for a permanent CEO and will remain a member of the company's board of directors.  Full Article

Atlantic Power Corp announces entry by Atlantic Power Ltd partnership into agreement with Ontario Power Authority for future operations at tunis facility
Tuesday, 20 Jan 2015 08:00am EST 

Atlantic Power Corp:Says Atlantic Power Limited Partnership, subsidiary entered into an agreement with Ontario Power Authority and its successor, Independent Electricity System Operator.For future operations of Tunis facility.New contract will require plant to become fully dispatchable as opposed to its current baseload configuration.As such, Tunis will only provide electricity to the Ontario grid when required thereby assisting to reduce incidents of surplus baseload generation in the market.Says new agreement provides APLP with fixed monthly payment which escalates annually according to a pre-defined formula while allowing Tunis to earn additional energy revenues for those periods during which it is called upon to operate.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

Thomson Reuters June 23, 2015 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - MONTH AHEAD Dividends Non S&P 500 - Weekly Federal Reserve events ConferenceCall/Webcast - Weekly Meetings - Weekly Xtra users can see more details on conference calls & webcasts by hovering your mouse over the RIC, right click, no click on Related Co Data, now click on Co Events. **

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