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BRIEF-Atlantic Power Corporation provides update on contractual arrangements for Naval Station and North Island projects
2017年8月28日 / 晚上10点23分 / 3 个月前

BRIEF-Atlantic Power Corporation provides update on contractual arrangements for Naval Station and North Island projects

Aug 28 (Reuters) - Atlantic Power Corp

* 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​ Source text for Eikon: Further company coverage:

我们的标准:汤森路透“信任原则”
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