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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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May 11, 2015
09:59 EDTATOn The Fly: Analyst Downgrade Summary
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08:51 EDTATAtlantic Power downgraded to Underperform from Sector Perform at RBC Capital

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