DEDHAM, Mass., Feb. 26,
2019 /PRNewswire/ -- Atlantic Power Corporation (NYSE: AT)
(TSX: ATP) ("Atlantic Power" or the "Company") announced today that
Irving R. Gerstein, Chairman of the
Company's Board of Directors, will retire from the Board following
the Company's 2019 Annual Meeting of Shareholders in June (the
"Annual Meeting"). Mr. Gerstein has served as Chairman of the
Board since October 2004.
At a regularly scheduled Board meeting today, the Board of
Directors determined that following his retirement, Mr. Gerstein
will be succeeded as Chairman by Kevin T.
Howell, pending Mr. Howell's re-election to the Board at the
Annual Meeting. Mr. Howell has served as a director of the
Company since December 2014. As an independent director, he
serves on the Board's Audit Committee, Compensation Committee,
Nominating and Corporate Governance Committee, and Operations and
Commercial Oversight Committee, and is chair of the Compensation
Committee.
"Irving Gerstein has served as
our Chairman for nearly fifteen years. For the past four
years it has been my pleasure to be on the same team with
Irving. I learned much from him, and his humor and sage
advice will be missed by all. On behalf of the entire Board
of Directors, I would like to thank him for his leadership and
dedication," said James J. Moore,
Jr., President and CEO of Atlantic Power.
Mr. Moore continued, "Kevin
Howell brings extensive power industry experience and a
commitment to a culture of safety and frugality to the role.
I look forward to the perspective he will bring as Chairman, and to
continuing to serve with him."
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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SOURCE Atlantic Power Corporation