
Please try another search
Jan 9 (Reuters) - Atlantic Power Corp ATP.TO -
* Atlantic Power provides update on status of three Ontario facilities
* Revised contractual arrangements for, and operational status of, its Kapuskasing, North Bay and Nipigon facilities in ontario
* Effective for 2017, unit has signed nug enhanced dispatch contracts with Ontario independent electricity system operator for 3 facilities
* Does not expect revised contractual arrangements for three facilities to have a cash impact on its 2016 financial results
* APLP has agreed to terminate power purchase agreements with ontario electricity financial corporation for Kapuskasing, North Bay plants
* Atlantic Power Corp says enhanced dispatch contract for Nipigon provides fixed monthly payments to that plant through October 31, 2018
* Impact on 2017 financial results is expected to be positive as compared to corresponding results under previous arrangements for 3 plants
* APLP has agreed to suspend for a period Nipigon power purchase agreements, which is scheduled to expire in dec 2022
* Amortization of intangible assets related to power purchase agreements must be accelerated, resulting in non-cash expense about $13 million
* Non-cash amortization expense will be included in 2016 net income rather than being expensed over course of 2017
* Company also has begun process of Mothballing Nipigon Source text for Eikon: ID:nPn2Xv0dKa Further company coverage: ATP.TO
By Fabian Cambero SANTIAGO (Reuters) - Chilean state-owned copper miner Codelco, the world's top producer of the red metal, sees a firm copper price ahead despite a recent sharp...
(Reuters) -A growing number of companies, including JPMorgan Chase & Co (NYSE:JPM), Amazon.com Inc (NASDAQ:AMZN), Tesla Inc (NASDAQ:TSLA), and Walt Disney (NYSE:DIS) Co are...
If you hear about any stock that flourishes in an economic downturn, this is not the time to buy it. The stock market rewards those who invest in the future and not in the present....
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.