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March 11, 2013
09:05 EDTATAtlantic Power announces agreement to sell interests in Path 15 Transmission
Atlantic Power announced that a subsidiary of the company has entered into a purchase and sale agreement with Duke-American Transmission Company, a joint venture between Duke Energy and American Transmission to sell the company's interests in the Path 15 transmission project. Atlantic Power expects to receive net cash proceeds from the Sale, including working capital adjustments, of approximately $56M. All project level debt issued by Path 15, totaling $137M as of December 31, 2012, will transfer with the sale. The Company intends to use the net proceeds from the Sale for general corporate purposes and to invest in future accretive growth opportunities. The sale is subject to customary closing conditions and approvals, including approval from the Federal Energy Regulatory Commission and certain lender approvals, and is expected to close in the second quarter of 2013.
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January 23, 2015
08:08 EDTATAtlantic Power names James Moore as President and CEO
Atlantic Power announced that its board has appointed James Moore, Jr. as the company's President and CEO and a member of the board effective January 26. Moore replaces Ken Hartwick, Interim President and CEO, who guided the company during the search for a permanent CEO and will remain a member of the company's board. Moore joins Atlantic Power from Diamond Castle Holdings, where he served as Chairman of Energy and Power from 2008 to 2015.
January 20, 2015
08:04 EDTATAtlantic Power subsidiary enters into agreement with Ontario Power Authority
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