The Kapuskasing Project, which achieved commercial operation in 1997, is a 40 MW gas-fired enhanced combined-cycle generating facility located near Kapuskasing, Ontario adjacent to the TransCanada Mainline. The project is not currently in operation, following the expiration of its contract in December 2017.
The Company has the option of returning the project to service should market conditions improve in the future, an event that is unlikely in the near term based on the current supply and demand outlook for the Province.
Atlantic Power indirectly owns 100% of Kapuskasing, which was acquired as part of the Capital Power Income LP acquisition in November 2011. Atlantic Power also manages the Project.