BOSTON, Dec. 23, 2014 /PRNewswire/ -- Atlantic Power
Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the
"Company") today announced the appointment of Kevin T. Howell to its Board of Directors.
With the addition of Mr. Howell, the Company's Board of Directors
now consists of seven members, six of whom are independent
members.
"On behalf of the entire Board of Directors, I would like to
welcome Kevin to our Board," said Irving
Gerstein, Chairman of Atlantic Power. "We look forward
to his contributions and are confident that with his extensive
experience in power generation and natural gas, Kevin will make a
positive impact on the Company and help us in delivering long-term
value for all shareholders."
Mr. Howell brings with him over 35 years of industry experience.
He is an accomplished power and natural gas executive with
extensive commercial leadership at the executive levels of
affiliates of Duke Energy, Dominion Resources, NRG Energy and
Dynegy. Following a brief retirement from NRG in 2010, Mr.
Howell most recently served as Executive Vice President and Chief
Operating Officer at Dynegy, where he ran commercial and plant
operations as well as environmental health and safety. Mr.
Howell retired from Dynegy in January of 2013. Mr. Howell
currently serves as the Chairman of the Board of Directors of
Illinois Power Generating Company, an affiliate of Dynegy.
As an independent director of the Company, Mr. Howell will serve
on Atlantic Power's Audit Committee.
The appointment of Mr. Howell is further to the matters
previously disclosed by the Company in its press release dated
November 25, 2014. Additional
information with respect to such matters is available in the
Company's Current Reports on Form 8-K filed on November 25, 2014 and on December 23, 2014.
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 2,945 MW in which its
aggregate ownership interest is approximately 2,024 MW. Its
current portfolio consists of interests in twenty-eight operational
power generation projects across eleven states in the United States and two provinces in
Canada.
Atlantic Power 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 www.atlanticpower.com or contact:
Atlantic Power Corporation, Amanda
Wagemaker, Investor Relations (617) 977-2700,
info@atlanticpower.com
Copies of financial data and other publicly filed documents are
filed on SEDAR at www.sedar.com or on EDGAR at
www.sec.gov/edgar.shtml under "Atlantic Power" or on Atlantic
Power'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 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 the future growth, results of operations,
performance and business prospects and opportunities of the Company
and its projects. 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 Company's ability to deliver
long-term value for all shareholders.
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. Please refer to the
factors discussed under "Risk Factors" and "Forward-Looking
Information" in the Company's periodic reports as filed with the
Securities and Exchange Commission from time to time for a detailed
discussion of the risks and uncertainties affecting the Company,
including, without limitation, the Company's ability to evaluate
and/or implement potential options, including asset sales or joint
ventures to raise additional capital for growth and/or potential
debt reduction, and the impact any such potential options may have
on the Company or the Company's stock price. 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. The Company's ability to achieve its longer-term
goals, including those described in this news release, is based on
significant assumptions relating to and including, among other
things, the general conditions of the markets in which it operates,
revenues, internal and external growth opportunities, its ability
to sell assets at favorable prices or at all and general financial
market and interest rate conditions. 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.
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SOURCE Atlantic Power Corporation