AT Atlantic Power Corporation

Alltel's (NYSE:AT) board of directors today increased the regular quarterly dividend from 38 cents to 38 1/2 cents on the company's common stock. This is the 45th consecutive annual dividend increase since the company's founding. The 38 1/2-cent dividend is payable Jan. 3, 2006, to stockholders of record as of Dec. 9, 2005. The new indicated annual dividend rate will increase 2 cents to $1.54 per common share. Regular quarterly dividends also were declared on all series of the company's preferred stock. Preferred dividends are payable Dec. 15, 2005 to stockholders of record as of Nov. 24, 2005. Alltel is a customer-focused communications company with more than 15 million customers in 36 states and nearly $10 billion in annual revenues. NYSE: Alltel, AT www.alltel.com