Atlantic Power Announces Independent Review of Chambers Project Filed on SEDAR.BOSTON -- Atlantic Power Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. .UN) ("Atlantic Power") announced today that Atlantic Power filed on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review the Independent Technical Review for the Carney's Point Cogeneration Project ("Chambers" or the "Project"). The report, prepared by Stone and Webster Management Consultants, Inc. concludes that the Project uses proven and appropriate technology for steam and electricity generation, has operated successfully under the principal project agreements since its commercial operation in 1994, has been well maintained, and has an expected useful life exceeding the life of the PPA PPA 1. Palpation, Percussion & Ausculation 2. Pittsburgh pneumonia agent 3. Postpartum amenorrhea 4. Price per accession 5. Pure pulmonary atresia which expires in 2024. The report also includes a cash flow projection A Cash Flow Projection is an attempt to forecast the cash flows that will be generated by an asset, often a company, over a specified time frame. Methodology Projections can be made with varying levels of detail, but any cash flow projection for a business entails for Chambers through 2024. "The report demonstrates what a significant contribution the Chambers acquisition makes to our ongoing objectives to lengthen the PPA portfolio and reinforce the stability of future distributions through accretive growth," commented Barry Welch, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Atlantic Power. Additional information regarding Atlantic Power Holdings acquisition of Epsilon can be found in our quarterly financial statements for the period ended September 30, 2005 and MD&A and will be presented in the Business Acquisition Report to be filed on SEDAR. About Atlantic Power Atlantic Power Corporation owns interests in a diversified portfolio of 15 power generation projects located primarily in major markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Atlantic Power's objectives are to sustain and grow its cash distributions over the long term by enhancing the performance of its existing assets and by making accretive acquisitions. When used in this news release, the words "anticipate", "expect", "project", "believe", "estimate", "forecast" and similar expressions are intended to identify forward-looking statements, which include statements relating to pending and proposed projects. Such statements are subject to certain risks, uncertainties and assumptions pertaining to operating performance, regulatory parameters, weather and economic conditions and, in the case of pending and proposed projects, risks relating to design and construction, regulatory processes, obtaining financing and performance of other parties, including partners, contractors and suppliers. Atlantic Power Corporation (TSX:ATP.UN) |
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