BOSTON, March 27, 2013 /CNW/ - Atlantic Power Corporation
(NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") today
announced that Edward ("Ned") Hall
has been appointed Executive Vice President – Chief Operating
Officer, effective April 2, 2013. In
this position, Mr. Hall will be responsible for all of Atlantic
Power's operations, asset management, environmental health &
safety and engineering functions. As a member of the executive
management team, he will also play a central role in the
development and execution of Atlantic Power's operational and
strategic initiatives.
"Ned is a great addition to our executive management team,
bringing a valuable combination of operational, asset management
and development capabilities, senior corporate experience and
extensive knowledge and working network within the independent
power, utility and infrastructure sectors," said Barry Welch, President and Chief Executive
Officer of Atlantic Power. "Bringing Ned onboard continues to
strengthen our operational focus on optimizing performance of our
existing plants and finding synergies among existing and new plants
we acquire and build. At AES he managed 3,400 people operating
28,000MW across twenty countries with $6
billion of revenue. With such a solid track record of
effective leadership in the independent power industry, we expect
he will further strengthen the Company's ability to execute its
business strategy and deliver long-term value to all of our
stakeholders."
About Ned Hall
Ned is
an energy industry professional with more than 25 years of
management and operational experience. Most recently, Mr. Hall
served as Executive Vice President - Chief Operating Officer Global
Generation at AES Corporation, a publicly traded global power
company. Prior to that, Mr. Hall held multiple positions at AES
Corporation including President, North
America, President, Wind Generation and Managing Director,
Global Business Development.
Mr. Hall graduated with a B.S. in Mechanical Engineering from
Tufts University and later received an
MBA from the Massachusetts Institute of
Technology's Sloan School of Management.
About Atlantic Power
Atlantic Power owns and operates a diverse fleet of power
generation and infrastructure assets in the United States and Canada. Atlantic Power's power generation
projects sell electricity to utilities and other large commercial
customers largely under long-term power purchase agreements , which
seek to minimize exposure to changes in commodity prices. Its power
generation projects in operation have an aggregate gross electric
generation capacity of approximately 3,366 MW in which its
aggregate ownership interest is approximately 2,117 MW. These
totals exclude projects designated as held for sale at December 31, 2012 and its 40% interest in the
Delta-Person generating station for which Atlantic Power entered
into an agreement to sell in December
2012. On January 30, 2013,
Atlantic Power and certain of its subsidiaries entered into an
agreement to sell their interests in the Auburndale Power Partners,
L.P., Lake CoGen, Ltd and Pasco
CoGen, Ltd. projects. On March 8,
2013, Atlantic Power entered into a purchase and sale
agreement to sell its 100% interest in its Path 15 transmission
line. Its current portfolio of continuing operations consists of
interests in 29 operational power generation projects across 11
states in the United States and
two provinces in Canada. In
addition, Atlantic Power has one 53 MW biomass project under
construction in Georgia. Recently,
Atlantic Power acquired a wind and solar development company,
Ridgeline Energy, Inc., located in Seattle, Washington, which will enhance its
ability to develop, construct, and operate wind and solar energy
projects across the United States
and Canada. Atlantic Power also
owns a majority interest in Rollcast Energy, a biomass power plant
developer in North Carolina.
Atlantic Power has a market capitalization of approximately
$650 million and trades on the New
York Stock Exchange under the symbol AT and on the Toronto Stock
Exchange under the symbol ATP. For more information, please visit
the Company's website at www.atlanticpower.com or contact:
Atlantic Power Corporation
Amanda Wagemaker, Investor
Relations
(617) 977-2700
info@atlanticpower.com
SOURCE Atlantic Power Corporation