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Stock impact report

Atlantic Power Announces Closing of Acquisition of Ownership Interests in Craven County and Grayling Biomass Plants

ATLANTIC POWER CORP (AT) 
Last atlantic power corp earnings: 2/27 05:13 pm Check Earnings Report
US:NYSE Investor Relations: investors.atlanticpower.com
Company Research Source: PR Newswire
DEDHAM, Mass., Aug. 14, 2019 /PRNewswire/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") announced today that on August 13, 2019, it completed the acquisition of the equity ownership interests held by AltaGas Power Holdings (U.S.) Inc. ("AltaGas") in the Craven County and Grayling contracted biomass plants. Craven County Wood Energy is a 48 megawatt (MW) biomass plant in North Carolina that has been in service since October 1990. Atlantic Power acquired a 50% interest from AltaGas; the remaining 50% interest is held by CMS Energy. Craven County has a Power Purchase Agreement (PPA) with Duke Energy Carolinas that runs through December 2027. The plant burns wood waste, including wood chips, poultry litter, forestry residues, mill waste, bark and sawdust. Grayling Generating Station is a 37 MW biomass plant in Michigan that has been in service since June 1992. Atlantic Power acquired a 30% interest from AltaGas; the remaining interests are held by Show less Read more
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