November 18, 2004 - ArcLight Capital Partners completed a recapitalization and an IPO of income participating securities (IPS) of Atlantic Power Corporation. ArcLight Capital Partners is one of the leading private investment firms focused exclusively on the electric power and energy sector. Headquartered in Boston Massachusetts with offices in New York City, the Principals of ArcLight have spent the majority of their careers identifying, structuring, and managing investments and companies in the power and energy sector. Collectively, the Principals of ArcLight have invested over $6 billion in over 100 transactions with an aggregate acquisition value of over $20 billion. With over 200 years of combined industry experience, the Principals of ArcLight have unparalleled transactional expertise and proprietary industry relationships in the power and energy sector.

Duff & Phelps, LLC served as the independent financial advisor to Atlantic Power Corporation in connection with assessing the commercial reasonableness of the terms of the IPS subordinated debt securities.