ArcLight Capital

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2009) - Atlantic Power Corporation (TSX: ATP.UN)(TSX:ATP.DB) (the "Company") today announced its results for the three and nine months ended September 30, 2009. All amounts are in U.S. dollars unless otherwise indicated. Highlights: -- Third quarter Adjusted EBITDA up 3% -- 83% payout ratio for first nine months of 2009 -- 2009 project distributions guidance raised; long-term guidance confirmed -- Conversion to common share structure and U.S. listing to enhance growth prospects -- Internalization of management fully aligns interests with all investors "Our results for the first nine months of 2009 enable us to confirm our 2009 guidance during a period of significant stresses in the economy," commented Barry Welch, President and CEO. "Our proposed conversion to a traditional common share structure followed by a U.S. listing in the first half of 2010 will provide several key benefits: it will reduce our capital cost ...

TORONTO, ONTARIO -- (MARKET WIRE) -- 11/10/09 -- Atlantic Power Corporation (TSX: ATP.UN)(TSX: ATP.DB) (the "Company") today announced its results for the three and nine months ended September 30, 2009. All amounts are in U.S. dollars unless otherwise indicated. Highlights: -- Third quarter Adjusted EBITDA up 3% -- 83% payout ratio for first nine months of 2009 -- 2009 project distributions guidance raised; long-term guidance confirmed -- Conversion to common share structure and U.S. listing to enhance growth prospects -- Internalization of management fully aligns interests with all investors "Our results for the first nine months of 2009 enable us to confirm our 2009 guidance during a period of significant stresses in the economy," commented Barry Welch, President and CEO. "Our proposed conversion to a traditional common share structure followed by a U.S. listing in the first half of 2010 will provide several key benefits: it will reduce ...

NEW YORK, Nov. 3 /PRNewswire/ -- Terra-Gen Power, LLC (Terra-Gen), a wholly-owned affiliate of ArcLight Capital Partners (ArcLight), announced today that its subsidiary Terra-Gen Finance Company, LLC (Terra-Gen Finance) has closed a $240 MM debt facility for its portfolio of 831 MW of renewable generating assets. The corporate debt facilities are composed of a $215 million, 2.5-year senior secured term loan and a $25 million, 2.5-year senior secured working capital facility. The term loan was used to refinance an existing corporate credit facility and to pay ...

ALLENTOWN, Pa., Nov. 2 /PRNewswire-FirstCall/ -- PPL Corporation (NYSE: PPL) announced Monday (11/2) that its PPL Maine subsidiary has completed the sale of the majority of PPL Maine's hydroelectric generation business to Black Bear Hydro Partners, LLC, an affiliate of ArcLight Capital Partners, LLC, for approximately $81 million. The sale to the ArcLight affiliate involves five hydroelectric generating facilities in Maine that produce a total of 23 megawatts of electricity and are 100 percent owned by PPL; and PPL's 50 percent ownership interest in a separate 13-megawatt hydroelectric project, of which the other 50 percent is already owned by another ArcLight affiliate. The $81 million excludes certain contingent consideration that will be realized upon completion of PPL's previously announced potential sale of three other hydroelectric ...

BOSTON, Oct. 29 /PRNewswire/ -- ArcLight Capital Partners, LLC ("ArcLight")announced it has reached a definitive agreement whereby affiliates of Global Infrastructure Partners, LLC ("GIP"), will acquire up to 40% of Terra-Gen Power Holdings, LLC ("Terra-Gen"), an affiliate of ArcLight. Terra-Gen is a leading renewable energy company that develops, owns, and operates renewable power plant projects. Terra-Gen currently owns over 800 MW of ...