Atlantic Power Corp.

Atlantic Power Corp.

Atlantic Power Corp.

Overview
Date Founded

2004

Headquarters

3 Allied Drive, Suite 220, Dedham, MA, 02026, USA

Type of Company

Public

Employees (Worldwide)

277

Industries

Power & Utilities

Company Description

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. The net generating capacity of the Company's projects is approximately 2,560 MW, consisting of interests in 33 operational power generation projects across 12 states and 2 provinces and also an 84-mile, 500 kilovolt electric transmission line located in California. In addition, the Company has a 53 MW biomass project under construction in Georgia, which is expected to achieve COD in the first quarter of 2013. Atlantic Power owns a majority interest in Rollcast Energy, a biomass power plant developer in Charlotte, NC. The Company also owns Ridgeline, a renewable development company in Seattle, WA with approximately 1,000 MW of wind and solar projects under development. 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 $1.4 billion and trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP.

Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Senior Vice President-General Counsel

Chief Administrative Officer

Executive Vice President Commercial Development

Senior Vice President-Asset Management

Head-Investor Relations

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Board of Directors

Former Director, Manager of Medical Facilities USA at Medical Facilities Corp.

Co-Founder at EdgeStone Capital Partners, Inc.

President & Chief Executive Officer at Select Energy Services, Inc.

President & Chief Executive Officer at Atlantic Power Corp.

Operating Partner at Bernhard Capital Partners Management LLC

Former Executive Vice President & Chief Operating Officer at Dynegy

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Owners & Shareholders
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Mangrove Partners employs a value-oriented long/short equity investment strategy. The firm seeks objective is to organically compound net-worth while reducing the chances of permanent loss of capital. Mangrove Partners invests in a concentrated portfolio of deep-value, contrarian long-positions combined with event-driven short positions.

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Founded in 2010 by David Markowitz, Oskie Capital Management LLC is a hedge fund manager located in New York City. The firm manages the Oskie Partners LP.

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Western Standard focuses on investments in US and foreign small-cap stocks and bonds.

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Recent Transactions
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TerraForm Power, Inc., Terraform AP Acquisition Holdings LLC purchase Atlantic Power Transmission, Inc. /Wind Projects from Atlantic Power Corp.

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SunEdison, Inc., TerraForm Power, Inc. purchase Atlantic Power Corp /Wind Portfolio from Atlantic Power Corp.

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American Transmission Co. LLC, Duke Energy Corp., Duke-American Transmission Co. LLC purchase Atlantic Power Corp. /Path 15 Subsidiaries(3) from Atlantic Power Corp.

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Transaction Advisors
Legal Advisor

Advised onAtlantic Power Corp. purchases Capital Power Income LP from Capital Power Corp.

Legal Advisor

Advised onAtlantic Power Corp. purchases Capital Power Income LP from Capital Power Corp.

Auditor

Advised onAtlantic Power Corp. issued Income Participating Securities

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Legal Advisor

Advised onAtlantic Power Corp. purchases Capital Power Income LP from Capital Power Corp.

Associate

Advised onAtlantic Power Corp. purchases Capital Power Income LP from Capital Power Corp.

Legal Advisor

Advised onAtlantic Power Corp. purchases Capital Power Income LP from Capital Power Corp.

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Advisors & Consultants
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Partner at Jones Day

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Partner at Cleary Gottlieb Steen & Hamilton LLP

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Partner at White & Case LLP

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Clients

Merck & Co., Inc. , d.b.a. Merck Sharp & Dohme, MSD outside the United States and Canada, is an American pharmaceutical company and is one of the largest pharmaceutical companies in the world.

Duke Energy Corp. engages in electric power and gas distribution operations, and provides other energy related services. It operates its business through the following segments: Regulated Utilities, International Energy, and Commercial Portfolio. The Regulated Utilities segment conducts electric and gas operations primarily through Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana, and the regulated transmission and distribution operations of Duke Energy Ohio. The International Energy segment principally operates and manages power generation facilities and engages in the sales and marketing of electric power, natural gas, and natural gas liquids outside the U.S. The Commercial Portfolio segment owns, operates and manages power plants and engages in the wholesale marketing and procurement of electric power, fuel and emission allowances related to these plants as well as other contractual positions. The company was founded on April 3, 2006 and is headquartered in Charlotte, NC.

Sempra Energy was created in 1998 by a merger of parent companies of two long-established, and highly respected, investor-owned utilities with rich histories dating back more than a century. Sempra Energy was founded to capitalize on new opportunities in competitive energy markets. The company’s ongoing focus is to enhance shareholder value and meet customer needs by sustaining the financial strength, operational flexibility and skilled workforce needed to succeed in rapidly changing market conditions. Sempra Energy is a Fortune 500 energy services company, based in San Diego, Calif., that combines deep industry expertise with rigorous risk management to deliver superior shareholder returns. In 2011, Sempra Energy produced revenues of $10 billion.

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Key Stats and Financials As of 2016
Market Capitalization
$281M
Total Enterprise Value
$1.85B
Earnings Per Share
$-1.35
Revenue
$529M
Net Profit
$-151M
EBITDA
$232M
EBITDAMargin
43.91%
Total Debt
$1.29B
Total Equity
$383M
Enterprise Value Sales
3.5x
Enterprise Value EBITDAOperating
7.97x
TEVNet Income
-12.27x
Debt TEV
0.7x
Three Year Compounded Annual Growth Rate Of Revenue
-2.38%
Five Year Compounded Annual Growth Rate Of Revenue
13.53%
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Investments
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Atlantic Power Holdings LLC operates as a holding company and engages in electric power generation projects. The company is headquartered in Boston, MA.

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Gregory Power Partners LP owns and operates natural gas fired cogeneration plants. The firm has heat recovery steam generators, natural gas-fired package boilers and steam turbines at its plants. The company was founded in 1998 and is headquartered in Houston, TX.

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