DEDHAM, Mass., Jan. 23, 2019 /PRNewswire/ -- Atlantic Power
Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the
"Company") today announced the appointment of Danielle S. Mottor (née Powers) to the Company's
Board of Directors. With the addition of Ms. Mottor, the
Board of Directors will consist of six members, five of whom are
independent and four of whom have been appointed in the past four
years.
Ms. Mottor is a Senior Vice President of Concentric Energy
Advisors, a consulting firm focused on the North American energy
industry, and has had previous roles at ISO New England, Navigant
Consulting, XENERGY and New England Power Company. Over the
course of her nearly 30-year career, Ms. Mottor has developed
expertise in wholesale and retail electric markets, transmission
systems, generation asset sales and acquisitions, asset valuation
and plant operations. She was extensively involved in the
design of the New England Forward Capacity Market. Ms.
Mottors holds a Master of Business Administration from Bentley College and a Bachelor of Science in
Mechanical Engineering from the University of
Massachusetts at Amherst.
As an independent director of the Company, Ms. Mottor will serve
on the Board's Audit Committee, Compensation Committee, Nominating
and Corporate Governance Committee and Operations and Commercial
Oversight Committee.
"On behalf of the Board of Directors, I would like to welcome
Danielle Mottor to our Board," said
Irving R. Gerstein, Chairman of
Atlantic Power. "Her energy expertise generally and in power
markets and regulatory structures specifically will be a valuable
asset to the Board of Directors and the management team of Atlantic
Power. We are pleased that she has joined our Board, and we
look forward to working with her."
About Atlantic Power
Atlantic Power is an independent power producer that owns power
generation assets in nine states in the
United States and two provinces in Canada. The
generation projects sell electricity and steam to investment-grade
utilities and other creditworthy large customers predominantly
under long‑term PPAs that have expiration dates ranging from 2019
to 2037. The Company seeks to minimize its exposure to
commodity prices through provisions in the contracts, fuel supply
agreements and hedging arrangements. The projects are
diversified by geography, fuel type, technology, dispatch profile
and offtaker (customer). The majority of the projects in
operation are 100% owned and directly operated and maintained by
the Company. The Company has expertise in operating most fuel
types, including gas, hydro, and biomass, and it owns a 40%
interest in one coal project.
Atlantic Power's shares trade 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
Investor Relations
(617) 977-2700
info@atlanticpower.com
Copies of the Company's financial data and other publicly filed
documents are available 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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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 following:
- The Board's view that Ms. Mottor's expertise will be a valuable
asset to the Board and the management of the Company.
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
U.S. Securities and Exchange Commission (the "SEC") from time to
time for a detailed discussion of the risks and uncertainties
affecting the Company. 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. 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