Dive Brief:
Utilities and state regulators are protesting a decision from federal regulators to prevent states from blocking demand response aggregates participation in the wholesale markets.
In several requests for rehearing filed with the Federal Energy Regulatory Commission on Tuesday, utilities within the Midcontinent Independent System Operator (MISO), the investor-owned utility trade group Edison Electric Institute, the National Association of Regulatory Utility Commissioners (NARUC) and individual state commissions questioned the FERC s March decision Order 2222-A denying states an opt-out option when it comes to allowing aggregated demand response to bid into the wholesale markets.
Demand response and clean energy advocates had praised the ruling as the commission s next step in lowering barriers to distributed energy resources under Order 2222. But utilities and state regulators say the order oversteps FERC s authority.
Atlantic Power Obtains Final Court Order Approving Arrangement
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DEDHAM, Mass., April 19, 2021 /PRNewswire/ Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ( Atlantic Power or the Company ) announced today that it has obtained a final court order from the Supreme Court of British Columbia approving its previously announced arrangement with certain affiliates (collectively the Purchasers ) of infrastructure funds managed by I Squared Capital Advisors (US) LLC.
The previously announced transaction with the Purchasers (the Transaction ) remains subject to the satisfaction or waiver of certain conditions, including approval of the holders of the Company s convertible debentures ( Convertible Debentures ), certain remaining regulatory approvals and third-party consents, and other customary closing conditions. As previously disclosed, the parties intend to close the Transaction without the approval of the holders of the Conve
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DEDHAM, Mass., April 15, 2021 /PRNewswire/ Atlantic Power Corporation (NYSE:AT) (TSX:ATP) ( Atlantic Power or the Company ) announced today that the parties to the previously announced proposed transaction among Atlantic Power, Atlantic Power Preferred Equity Ltd. ( APPEL ), Atlantic Power Limited Partnership ( APLP ) and certain affiliates (collectively the Purchasers ) of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the Transaction ) are continuing to work through the steps required to close the Transaction without the approval of holders of the Company s 6.00% Series E convertible unsecured subordinated debentures due January 31, 2025 (the Convertible Debentures ).
It is expected that these steps will still offer to the holders of Convertible Debentures the benefit of the make whole premium contemplated by the indenture governing the Convertible Debentures. Additional details will be provided once these steps are substantially finalized
Atlantic Power Provides an Update on Convertible Debentureholder Meeting prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Atlantic Power Announces Common and Preferred Shareholder Approval of I Squared Transaction
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DEDHAM, Mass., April 7, 2021 /PRNewswire/ Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ( Atlantic Power or the Company ) announced that, at today s special meetings of common shareholders ( Common Shareholders ) of Atlantic Power and preferred shareholders ( Preferred Shareholders ) of Atlantic Power Preferred Equity Ltd. ( APPEL ), shareholders voted to approve the previously announced proposed transaction among Atlantic Power, APPEL, Atlantic Power Limited Partnership and certain affiliates (collectively the Purchasers ) of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the Transaction ). Upon closing of the Transaction, all of the common shares of Atlantic Power ( Common Shares ) will be acquired for US$3.03 in cash per Common Share (less applicable withholdings) and all of the preferred shares of