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)

246

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 & Director

Executive Vice President, Chief Accounting Officer & Chief Financial Officer

Senior Vice President-General Counsel & Corporate Secretary

Chief Administrative Officer & Senior Vice President

Executive Vice President, Commercial Development

Senior Vice President-Asset Management

Head-Investor Relations

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 & Director at Atlantic Power Corp.

Former Executive Vice President & Chief Operating Officer at Dynegy

Operating Partner at Bernhard Capital Partners Management LLC

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Atlantic Power Corp.
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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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.

Recent Transactions
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Atlantic Power Corp. purchases Covanta Energy Corp. /Koma Kulshan Hydro Project from Covanta Holding Corp.

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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.

Insider Transactions
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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

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.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Cleary Gottlieb Steen & Hamilton LLP

Legal Advisor

Partner at White & Case LLP

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: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. Electric Utilities and Infrastructure provides retail electric service through the generation, transmission, distribution and sale of electricity. The Gas Utilities and Infrastructure segment conducts natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. Gas Utilities and Infrastructure serves residential, commercial, industrial and power generation natural gas customers. The Commercial Renewables segment primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental U.S. The portfolio includes nonregulated renewable energy and energy storage businesses. The company was founded on April 3, 2006 and is headquartered in Charlotte, NC.

Our products and services differ based on state. Please select your state (or the state you're interested in) from the list to the left. Why do our products and services differ based on state? Because our business is regulated by state. We have regulated operations in eight Western and Midwestern states. The different regulatory body for each state we serve determines what products and services we deliver in that state

Key Stats and Financials As of 2017
Market Capitalization
$323M
Total Enterprise Value
$1.53B
Earnings Per Share
$-1.12
Revenue
$559M
Net Profit
$-121M
EBITDA
$287M
EBITDAMargin
51.32%
Total Debt
$1.03B
Total Equity
$247M
Enterprise Value Sales
2.74x
Enterprise Value EBITDAOperating
5.34x
TEVNet Income
-12.7x
Debt TEV
0.67x
Three Year Compounded Annual Growth Rate Of Revenue
-3.81%
Five Year Compounded Annual Growth Rate Of Revenue
4.91%
Investments
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Atlantic Power Holdings LLC operates as a holding company with interests in electric power generation. 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.

Suppliers
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ITOCHU Corp. engages in business of product trading and business investment activities. It operates through the following segments: Textile; Machinery; Metals and Minerals; Energy and Chemicals; Food; ICT and Realty; and Others. The Textile segment covers fiber, raw materials, textile fabrics, clothing apparel, and brand marketing business. The Machinery segment includes plant projects, marine, aerospace, automobile, construction machinery, industrial systems, and life and healthcare business. The Metals and Minerals segment offers metals and mineral resources, steel and non-ferrous products, and coal, nuclear, and solar business. The Energy and Chemicals segment pertains to oil and gas trading, energy resources development, and chemicals business. The Food segment focuses on food resources, product processing, midstream distribution, and retail business. The ICT and Realty segment deals with forest products, general merchandise, ICT, insurance, logistics, construction, realty, and financial business. The Others segment includes the overseas legal corporations in the United States, United Kingdom, Australia, China and Hong Kong. The company was founded by Chubei Itoh in 1858 and is headquartered in Osaka, Japan.

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Heorot Power LLC engages in power generation activities. The company is headquartered in Dover, DE.