DEDHAM, Mass., Sept. 16, 2015 /PRNewswire/ -- Atlantic
Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the
"Company") announced today that Joseph E.
Cofelice has joined the Company as Executive Vice President
– Commercial Development, effective September 16, 2015. As a member of the
Company's executive management team, Mr. Cofelice also will play a
central role in the development and execution of Atlantic Power's
operational and strategic initiatives.
"Joe is one of the best commercial minds in the IPP sector and
he will be a great asset in all of our commercial endeavors,
including renewals of our Power Purchase Agreements, business
development efforts and any investments or acquisitions that we
might consider," said James J.
Moore, President & Chief Executive Officer of Atlantic
Power. "Given our continued focus on deleveraging our balance
sheet, we must be disciplined and creative in our approach to
growing the business organically and externally. Joe and I
worked together at Catamount and American National Power and he was
instrumental in developing capital-efficient growth initiatives.
We are very pleased that Joe has agreed to join the Atlantic
Power team."
About Joseph Cofelice
Mr. Cofelice has more than 30 years of experience in the energy
industry. He joins Atlantic Power from General Compression,
Inc., a compressed air energy storage technology company, where he
had been Chief Executive Officer since December 2012. He also
had been serving as the Chairman of Westerly Wind LLC, a provider
of project development capital to the wind industry, since April
2013. He had previously served as CEO of Westerly Wind from
2010 to 2013. Both General Compression and Westerly Wind are
part of US Renewables Group's portfolio of investments. From
2002 to 2008, Mr. Cofelice was the President of Catamount Energy
Corporation. Prior to his tenure at Catamount, he served in a
number of management roles at American National Power from 1987 to
2002, including serving as CEO from 2001 to 2002.
Mr. Cofelice graduated with a B.S. degree in Business
Administration from Northeastern
University.
About Atlantic Power
Atlantic Power owns and operates a diverse 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, which
seek to minimize exposure to changes in commodity prices.
Atlantic Power's power generation projects in operation have an
aggregate gross electric generation capacity of approximately 2,137
megawatts ("MW") in which its aggregate ownership interest is
approximately 1,502 MW. The Company's current portfolio
consists of interests in twenty-three operational power generation
projects across nine 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 certain 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 Corporation" or on
the Company's website.
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SOURCE Atlantic Power Corporation