ATLANTIC POWER CORPORATION (TSE:ATP) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On August3, 2017, Atlantic Power Corporation (the “Company”) issued a press release reporting its financial results and other information for the three and six months ended June30, 2017. A copy of the Company’s press release is attached as Exhibit99.1 hereto and is incorporated by reference.
Item 7.01. Regulation FD Disclosure.
Atlantic Power’s financial results presentation and management comments on the presentation will be available on the Conference Calls pageof Atlantic Power’s website (www.atlanticpower.com) on August3, 2017.
As previously disclosed, Atlantic Power’s management will hold an investor conference call and webcast tomorrow, August4, 2017, at 8:30 a.m.ET, to answer questions related to its second quarter 2017 financial results and related information. Participants may access the webcast from the Atlantic Power website.
The information in Item 2.02, including Exhibit99.1, and Item 7.01 is being furnished and shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (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 or the Exchange Act, except as otherwise stated in that filing.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits
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Exhibit
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Number
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Description
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99.1
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Press Release of Atlantic Power Corporation, dated August3, 2017.
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ATLANTIC POWER CORP ExhibitEX-99.1 2 a17-18914_1ex99d1.htm EX-99.1 Exhibit 99.1 Atlantic Power Corporation Releases Second Quarter 2017 Results Second Quarter 2017 Financial Highlights · Results included Cdn$32.8 million (US$24.7 million) of revenues from Global Adjustment settlement in Ontario · Net loss of $(21.9) million in Q2 2017 vs. $(18.5) million in Q2 2016 · Project loss of $(12.1) million in Q2 2017 vs. project income of $25.2 million in Q2 2016 · Net loss and Project loss included $57.7 million of non-cash impairments for Chambers and Selkirk (equity-owned projects) in Q2 2017 · Project Adjusted EBITDA of $85.4 million in Q2 2017 vs. $46.2 million in Q2 2016 · Cash provided by operating activities of $50.9 million in Q2 2017 vs. $24.3 million in Q2 2016 · Repaid $29.5 million of term loan and project debt during Q2 2017; for full year 2017,…To view the full exhibit click here
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.