ATLANTIC POWER CORPORATION (TSE:ATP) Files An 8-K Results of Operations and Financial Condition

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ATLANTIC POWER CORPORATION (TSE:ATP) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.

The information described in Item 7.01 of this Current Report on Form8-K relating to the Company’s liquidity as of March31, 2018 is herein incorporated by reference. A copy of the letter to shareholders is filed as Exhibit99.1 to this Form8-K and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On April27, 2018, Atlantic Power Corporation (the “Company”) posted its 2017 Annual Report to the Company’s website, http://www.atlanticpower.com, in the “Investors” section under “Corporate Profile.” The Annual Report includes a letter to shareholders from President and Chief Executive Officer James J. Moore,Jr., containing a review of the progress made by the Company in 2015 through 2017, a summary of the Company’s 2017 financial and operating results and its outlook for 2018, and a discussion of the Company’s business and the current power market environment. In addition, the letter discloses that at March31, 2018, the Company’s liquidity was approximately $205 million and its net operating losses (NOLs) totaled approximately $583 million. The letter also indicates that the Company expects its cash interest payments to be approximately $45 million in 2018, slightly lower than its previous expectation because of the recent re-pricing of its credit facilities.

Information contained on the Company’s website or that can be accessed through the Company’s website is not incorporated into and does not constitute a part of this Current Report on Form8-K. The Company has included its website address only as an inactive textual reference and does not intend it to be an active link to the Company’s website.

The information in this Item 2.02 and Item 7.01, including Exhibit99.1 is being furnished and shall not be deemed to be “filed” for purposes of Section18 of the Exchange Act, or otherwise subject to the liability of that Section, nor shall such information be deemed to be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in that filing.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit Number

Description

99.1

Letter to shareholders dated April27, 2018


ATLANTIC POWER CORP Exhibit
EX-99.1 2 a18-12069_2ex99d1.htm EX-99.1 Exhibit 99.1   Report to Shareholders   Dear Shareholder,…
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About ATLANTIC POWER CORPORATION (TSE:ATP)

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate. Atlantic Power’s power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,140 megawatts (MW), in which its aggregate ownership interest is approximately 1,500 MW. The Company’s portfolio consists of interests in approximately 20 operational power generation projects across over nine states in the United States and approximately two provinces in Canada. The Company’s power generation projects are primarily located in California, the United States Mid-Atlantic, New York and the provinces of Ontario and British Columbia.