Overview
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. The Company's corporate strategy is to increase the value of the Company through accretive acquisitions in North American markets while generating stable, contracted cash flows from its existing assets. The Company's power generation projects sell electricity to utilities and other large commercial customers under long-term PPAs, which seek to minimize exposure to changes in commodity prices.
Its power generation projects in operation have an aggregate gross electric generation capacity of approximately 3,018 MW in which its aggregate ownership interest is approximately 2,098 MW. Its current portfolio consists of interests in twenty-nine operational power generation projects across eleven states in the United States and two provinces in Canada. Atlantic Power recently acquired Ridgeline Energy, a wind and solar development company located in Seattle, Washington, which enhances its ability to develop, acquire and operate wind and solar energy projects in the United States and Canada. Atlantic Power also owns a majority interest in Rollcast Energy, a biomass power plant developer in Charlotte, NC. Atlantic Power is incorporated in British Columbia, is headquartered in Boston and has offices in Chicago, Toronto, Vancouver, Seattle and San Diego.
Atlantic Power has a market capitalization of approximately $600 million and trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP.
Listed Securities:
Common shares
Dividends on common shares are paid monthly. Shareholders can elect to have their distributions paid in Canadian dollars or the equivalent U.S. funds.
TSX Ticker Symbol: ATP
NYSE Ticker Symbol: AT
Shares Issued & Outstanding: 119,817,192
6.50% Convertible Subordinated Debentures
The Debentures pay interest semi-annually on April 30 and October 31 each year. The Debentures mature on October 31, 2014 and are convertible into 80.6452 common shares per Cdn$1,000 principal amount of Debentures, at any time, at the option of the holder, representing a conversion price of Cdn$12.40 per common share.
Ticker Symbol: ATP.DB-T
Principal Amount Outstanding: Cdn$45.6 million
Exchange: TSX
6.25% Convertible Subordinated Debentures
The 6.25% Convertible Subordinated Debentures were issued on December 17, 2009. The Debentures pay interest semi-annually on March 15 and September 15 each year. The Debentures mature on March 15, 2017 and are convertible into 76.9231 common shares per Cdn$1,000 principal amount of Debentures, at any time, at the option of the holder, representing a conversion price of Cdn$13.00 per common share.
Ticker Symbol: ATP.DB.A-T
Principal Amount Outstanding: Cdn$68.6 million
Exchange: TSX
5.75% Convertible Subordinated Debentures
The Debentures pay interest semi-annually on June 30 and December 31 each year. The Debentures mature on June 30, 2019 and are convertible into 57.9710 common shares per US$1,000 principal amount of Debentures, at any time, at the option of the holder, representing a conversion price of US$17.25 per common share.
Ticker Symbol: ATP.DB.U-T
Principal Amount Outstanding: US$130 million
Exchange: TSX
6.00% Series D Extendible Convertible Subordinated Debentures
The Debentures pay interest semi-annually on June 30 and December 31 each year. The Debentures mature on October 31, 2014 and are convertible into 68.9655 common shares per Cdn$1,000 principal amount of Debentures, at any time, at the option of the holder, representing a conversion price of Cdn$14.50 per common share. (Please see Prospectus Supplement dated December 3, 2012 for details on the initial maturity date and other conditions of these Series D Extendible Convertible Subordinated Debentures.)
Ticker Symbol: ATP.DB.D-T
Principal Amount Outstanding: Cdn$100 million
Exchange: TSX
5.60% Convertible Subordinated Notes
The debentures pay interest semi-annually on June 30 and December 31 each year. The Debentures mature on June 30, 2017 and are convertible into 55.2486 common shares per Cdn $1,000 principal amount of Debentures, at any time, at the option of the holder, representing a conversion price of Cdn 18.10 per common share.
Ticker Symbol: ATP.DB.B-T
Principal Amount Outstanding: Cdn$80.5 million
Exchange: TSX
Transfer Agent:
Computershare Investor Services, Inc
100 University Avenue
Toronto, ON M5J 2Y1
Legal Counsel:
Goodmans LLP
Bay Adelaide Centre
333 Bay Street, Suite 3400
Toronto, ON M5H 2S7 CANADA
Cleary Gottlieb
One Liberty Plaza
New York, NY 10006
Auditor:
KPMG LLP
345 Park Avenue
New York, NY 10154 USA
Our Office Locations:
Boston (Headquarters):
1 Federal St., FL 30
Boston, MA 02110
617-977-2400
617-977-2700 (Investor Relations)
Info@atlanticpower.com
Chicago:
3250 Lacey Road
Downers Grove, IL 60515 USA
630-427-6300
Vancouver:
215-10451 Shellbridge Way
Richmond, BC V6X 2W8 CANADA
855-280-4737
Toronto:
1620 123 Front Street West
Toronto, ON M5J 2M2 CANADA
416-773-7400
San Diego:
8835 Balboa Avenue, Ste. D
San Diego, CA 92123
619-437-8067
Seattle:
1300 N. Northlake Way, 2nd Floor
Seattle, WA 98103
206-508-4726