Atlantic Power Corporation Announces Availability of Section 85 Tax Election Package for CPILP Unitholders
January 02 2012 - 3:26AM
PR Newswire (Canada)
BOSTON, Jan. 4, 2012 /CNW/ - Atlantic Power Corporation
("Atlantic Power" or the "Company"), a leading power and
infrastructure company, announced that the Tax Election Information
Package for Capital Power Income L.P. ("CPILP") unitholders who
received shares of Atlantic Power Corporation in connection with
Atlantic Power's recent acquisition of CPILP is available on the
Company's website at:
http://www.atlanticpower.com/investors/cpilp-tax-information.aspx.
Any former CPILP unitholder that is an "Eligible Unitholder" may
make a joint tax election with Atlantic Power pursuant to section
85 of the Income Tax Act (Canada) in respect of the disposition of
its CPILP units. Atlantic Power has made the tax election
information package available to assist former unitholders in
completing the joint tax election form. Completed tax
election forms must be submitted to Atlantic Power's depository
agent, Computershare Investor Services Inc., no later than February
29, 2012. About Atlantic Power Atlantic Power is a leading publicly
traded, power generation and infrastructure company with a well
diversified portfolio of assets in the United States and Canada.
Our power generation projects sell electricity to utilities and
other large commercial customers under long-term power purchase
agreements, which seek to minimize exposure to changes in commodity
prices. The net generating capacity of the Company's projects
is approximately 2,116 MW, consisting of interests in 30
operational power generation projects across 11 states and 2
provinces, one 53 MW biomass project under construction in Georgia,
and an 84-mile, 500 kilovolt electric transmission line located in
California. Atlantic Power also owns a majority interest in
Rollcast Energy, a biomass power plant developer with several
projects under development. Atlantic Power is incorporated in
British Columbia, headquartered in Boston and has offices in
Chicago, Toronto, and Richmond, B.C. Our corporate strategy
is to generate stable cash flows from our existing assets and to
make accretive acquisitions to sustain our dividend payout to
shareholders, which is currently paid monthly at an annual rate of
Cdn$1.15 per share. Atlantic Power has a market
capitalization of approximately $1.6 billion and 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 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.
SOURCE Atlantic Power Corporation; Capital Power Income L.P.
Atlantic Power Corporation CONTACT:
http://www.atlanticpower.comhttp://photos.prnewswire.com/prnh/20110809/NE49346LOGOPRN
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