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Atlantic Power closes purchase of ownership stakes in 2 biomass facilities

Atlantic Power Corp. completed the $20 million acquisition of ownership interests in two contracted biomass power facilities from AltaGas Power Holdings (U.S.) Inc.

Atlantic Power completed the acquisition of a 50% stake in the 48-MW Craven County Wood Energy facility in North Carolina and a 30% stake in the 37-MW Grayling Generating Station in Michigan on Aug. 13, according to an Aug. 16 filing with the Federal Energy Regulatory Commission. AltaGas owns 50% of the Craven facility and 30% of Grayling.

CMS Energy Corp. owns 50% interests in each plant, while Fortistar LLC owns a 20% stake in the Grayling plant.

AltaGas Power is a subsidiary of AltaGas Ltd. (FERC docket EC19-95)