Atlantic Power Corporation Strengthens Management Team.TORONTO -- Atlantic Power Corporation (TSX: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) (the "Company") announced today that Steven Chwiecko had joined as Managing Director responsible for Asset Management & Acquisitions. "Steve is a seasoned veteran with a wealth of experience in finance, development and restructuring within the North American Independent Power business. He will significantly strengthen our ability to execute our business plan aimed at maximizing cash flows from existing assets and acquiring appropriate projects to generate growth," commented Barry Welch, President and 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. . Mr. Chwiecko's most recent assignment was Chairman of the Audit Committee of National Energy & Gas Transmission's Board of Directors. Previously, as a Senior Vice President with El Paso Merchant Energy, he worked on their Eagle Point acquisition as well as the Newark Bay acquisition and its successful Cedar Brakes power purchase agreement restructuring. Before that, while Senior Vice President and CFO See Chief Financial Officer. at Adirondack Hydro Development Corporation, he was one of five negotiators representing all hydropower plants in the Master Restructuring Agreement negotiations with Niagara Mohawk Power Corporation (NIMO). This was a landmark restructuring of substantially all of NIMO's obligations with independents plants. Mr. Chwiecko has a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree from St. Lawrence University St. Lawrence University is a private, four-year liberal arts college located in the village of Canton in Saint Lawrence County, New York. Founded in 1856, it is the oldest coeducational university in the state of New York. , an MBA from Rochester Institute of Technology, and a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. ) designation. Atlantic Power Corporation owns interests in a diversified portfolio of 15 power generation projects located primarily in major markets in the United States. The Company'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 the projects and potential acquisitions by the Company. 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 potential acquisitions, risks relating to sourcing, financing and completing acquisitions. Atlantic Power Corporation (TSX:ATP.UN) |
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