Aug 28 (Reuters) - Atlantic Power Corp ATP.TO
* Atlantic Power Corporation provides update on contractual arrangements for Naval Station and North Island projects
* Atlantic Power Corp - NTC sell power to San diego gas & electric under power purchase agreements that are scheduled to expire in December 2019
* Atlantic Power Corp - following notification of outcome of navy solicitation, company undertook an evaluation of carrying values of long-lived assets
* Atlantic Power Corp - determined that it is likely that PPAs for all three projects will terminate ahead of their scheduled Dec 2019 expiration dates
* Atlantic Power - projects will terminate ahead of their scheduled dates, potentially as early as Feb 2018, coincident with expiration of navy agreements
* Atlantic Power Corp - company expects to record a long-lived asset impairment of approximately $50 million in Q3 of 2017
* Atlantic Power Corp - company will continue to amortize approximate remaining $16 million of carrying value of three projects through February 2018
* Atlantic Power - recently received notification from U.S. Navy regarding proposals involving company's Naval Station and North Island projects
* Atlantic Power - co's projects were not selected in final round of navy's solicitation for energy security and resiliency at the 2 naval bases in San Diego