New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 18, 2013
09:00 EDTATAtlantic Power rises 5%
Atlantic Power is up 5%, or 27c, to $5.62
News For AT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 9, 2015
08:02 EDTATAtlantic Power announces relocation, updates cost reduction efforts
Atlantic Power announced the relocation of its headquarters from the Financial District in Boston to Dedham, Massachusetts as part of its ongoing efforts to reduce corporate and other overhead costs. The relocation will occur later this month. The company also provided the following update on its cost reduction efforts: The relocation to Dedham will result in a reduction in annual rental expense for its headquarters of nearly 50%. The company is in the process of closing its offices in Seattle, Portland and outside of Chicago. In addition, the company will be reducing the size of its Toronto office. Including staff associated with its wind assets, which are being sold, the corporate staff will be reduced by 25% this year and by more than 50% from 2013. The company now expects that total corporate general and administrative expense of $38M in 2015 will be reduced to $28M in 2016 as a result of these and other cost reduction efforts. This represents an expected cumulative reduction of approximately 48% from 2013.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use