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By Atlantic Power Corp. | December 09, 2020 ADVERTISEMENT Atlantic Power Corp. announced on Dec. 8 a one-year extension of its Calstock power purchase agreement (PPA) and a final settlement of the insurance claim for its Cadillac plant. Calstock is an approximately 35 megawatt biomass plant located in Hearst, Ontario. The offtaker under the PPA is the Ontario Electricity Financial Corp. The PPA was originally scheduled to expire in June 2020 but prior to that date was extended to December 2020 on existing terms. The second extension, which is also on existing terms, runs to Dec. 16, 2021. The extension provides the provincial government additional time to consider future options for addressing mill waste in the province, including a potential new PPA for Calstock. The extension could be terminated early by mutual agreement if the company is successful in securing a new contract. ....
By Atlantic Power Corp. | December 09, 2020 ADVERTISEMENT Atlantic Power Corp. announced on Dec. 8 a one-year extension of its Calstock power purchase agreement (PPA) and a final settlement of the insurance claim for its Cadillac plant. Calstock is an approximately 35 megawatt biomass plant located in Hearst, Ontario. The offtaker under the PPA is the Ontario Electricity Financial Corp. The PPA was originally scheduled to expire in June 2020 but prior to that date was extended to December 2020 on existing terms. The second extension, which is also on existing terms, runs to Dec. 16, 2021. The extension provides the provincial government additional time to consider future options for addressing mill waste in the province, including a potential new PPA for Calstock. The extension could be terminated early by mutual agreement if the company is successful in securing a new contract. ....