DEDHAM, Mass., June 19, 2020 /PRNewswire/ -- Atlantic Power
Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the
"Company") announced that the nominees listed in the management
information circular and proxy statement for the 2020 Annual and
Special Meeting of Shareholders (the "Annual Meeting") held on
June 17, 2020 were elected as
directors of the Company. Detailed results of the votes by proxy
for the election of directors held at the virtual Annual Meeting
are set out below.
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
R. Foster
Duncan
|
52,371,896
|
91.70%
|
4,738,952
|
8.30%
|
Kevin T.
Howell
|
55,251,141
|
96.74%
|
1,859,708
|
3.26%
|
Danielle S.
Mottor
|
55,796,378
|
97.70%
|
1,314,471
|
2.30%
|
Gilbert S.
Palter
|
55,765,345
|
97.64%
|
1,345,403
|
2.36%
|
James J. Moore,
Jr.
|
55,870,700
|
97.83%
|
1,240,149
|
2.17%
|
An amendment to the Company's sixth amended and restated
long-term incentive plan was approved at the Annual Meeting. In
connection with the amendment, the Company relied on an exemption
from certain requirements of the Toronto Stock Exchange ("TSX")
under section 602.1 of the TSX Company Manual.
Shareholders also approved, by non-binding advisory vote, the
Company's executive compensation for 2019. In addition,
shareholders approved the appointment of KPMG LLP to serve as the
Company's auditors for 2020.
About Atlantic Power
Atlantic Power is an independent power producer that owns power
generation assets in eleven states in the
United States and two provinces in Canada. The Company's generation projects sell
electricity and steam to investment-grade utilities and other
creditworthy large customers predominantly under long–term power
purchase agreements that have expiration dates ranging from 2020 to
2043. 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). Approximately 75% 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 common 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