trending Market Intelligence /marketintelligence/en/news-insights/trending/0se23WlcWZdMMWZGpI1boA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Atlantic Power records $39M surge in Q2 project adjusted EBITDA

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon

Atlantic Power records $39M surge in Q2 project adjusted EBITDA

Atlantic Power Corp. reported Aug. 3 second-quarter 2017 project adjusted EBITDA of $85.4 million, up from $46.2 million in the same quarter of 2016.

The increase reflects revenues received under the global adjustment settlement in Ontario and the positive impact of the enhanced dispatch agreements and the expiration of an unfavorable fuel contract at the North Bay and Kapuskasing facilities.

Second-quarter project revenue grew to $124 million in 2017, from $98.2 million a year ago, while cash provided by operating activities was $50.9 million, an increase from $24.3 million in the 2016 second quarter.

Atlantic Power posted a second-quarter project loss of $12.1 million, compared with project income of $25.2 million in the year-ago period.

The result was negatively impacted by a $57.7 million impairment expense recorded at the company's equity-owned Chambers Cogeneration and Selkirk Cogeneration projects, a $14.9 million change in fair value of derivative instruments and higher depreciation expense of $4 million, partially offset by higher revenues and lower fuel and operations and maintenance expense.

The company recorded a second-quarter net loss attributable to the company of $21.9 million, or a loss of 19 cents per share, compared with a net loss of $18.5 million, or a loss of 15 cents per share, a year ago.

The increase in second-quarter losses was due to the impairment expense, higher depreciation expense and a $14.9 million negative change in the fair value of noncash derivative instruments.

Atlantic Power reaffirmed its full-year 2017 project adjusted EBITDA guidance range of $250 million to $265 million and its guidance range for cash provided by operating activities of $155 million to $170 million.