The Company | Investment Highlights

A Diversified Fleet of Power Generation and Transmission Assets

• Interests in a growing fleet of power projects and one transmission line strategically located in major U.S. power markets.
• Projects are well diversified based on 18 electricity and steam off-takers, regulatory jurisdictions, and regional power pools.

Demonstrated Operating Performance of Projects

• Assets have demonstrated a stable track record of consistent electrical power generation and high project availability and reliability.
• Efficient portfolio of power generating facilities with average remaining useful lives in excess of 10 years.

Stable Long-Term Contracts with Strong, Diverse Utility Customers

• Cash flows derived from the sale of electricity under long-term Power Purchase Agreements designed to pass through fuel cost fluctuations.
• Customers are predominantly regulated electricity utilities with investment-grade credit ratings from Standard & Poor's (S&P).

Predictable, Sustainable Cash Flow

• Generation projects have solid long-term power sales and fuel supply contracts.
• Transmission line has 30-year FERC regulated return through 2034.
• Diversified and financially strong customer base.
• Atlantic Power has hedged Canadian dollar-denominated common share dividends and convertible debenture interest payments through 2013 against changes in the $US/$CAD exchange rate.

Partnerships with Experienced Operators

• Strong partnerships with recognized third party operators in the independent power industry.
• Caithness Energy, the manager of several of our projects, has more than 25 years of experience in independent power generation.

Strong Position to Access U.S. Growth Opportunities

• Unrivaled access to U.S. and Canadian deal flow and a wealth of independent power experience are expected to enable us to identify good projects and properly price assets.