The Company | Investment Highlights
A Diversified Fleet of Power Generation and Transmission Assets
- Fleet consists of 32 power projects in operation or under construction and one transmission line, all strategically located in major U.S. and Canadian power markets.
- Projects are well diversified based on electricity and steam off-takers, regulatory jurisdictions, and regional power pools.
- 95% of our power generation is "clean power".
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 9 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 2015 against changes in the $US/$CAD exchange rate.
Strong In-House Operations and Partnerships with Experienced Operators
- The majority of our projects are operated and maintained by our seasoned team at Atlantic Power.
- Projects not operated in house are operated and maintained through strong partnerships with recognized third party operators in the independent power industry.
Strong Position to Access North American 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 acquisitions.
- Joint ventures with power development companies is a strong focus of our growth strategy, as it provides proprietary access to a pipeline of late-stage development projects.