Atlantic Power (AT) Posts Q2 Profit Versus Expected Loss

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Atlantic Power Corporation Releases Second Quarter 2015 Results

August 10, 2015 5:15 PM EDT

DEDHAM, Mass., Aug. 10, 2015 /PRNewswire/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") today released its results for the three and six months ended June 30, 2015. 

Recent Developments

Completed sale of wind assets in June for $350 million, with net cash proceeds of approximately $335 million; recognized $47.3 million after-tax gain in the second quarter (included in discontinued operations) Proceeds used to redeem $310.9 million outstanding principal amount of 9.0% Senior Unsecured Notes due 2018 (the 9.0% Notes) in July Amortized $29... More