Atlantic Power – slow and steady | Value Investing News

Atlantic Power – slow and steady

  • Since last summer, we have announced the acquisitions of five plants – Craven County and Grayling; the remaining ownership interests in the Koma Kulshan hydro facility, which we acquired in July; and the Allendale and Dorchester biomass plants in South Carolina, on which we expect to close later this year.
  • We acquired the five plants at what we consider to be attractive prices.
  • At the midpoint of the projected EBITDA contribution of $9 million, this represents an investment at a 19% EBITDA return.
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