Atlantic Power Corporation (NYSE: AT) (TSX: ATP) today announced the appointment of Danielle S. Mottor (née Powers) to the Company's Board of Directors. With the addition of Ms. Mottor, the Board of Directors will consist of six members, five of whom are independent and four of whom have been appointed in the past four years.
Ms. Mottor is a Senior Vice President of Concentric Energy Advisors, a consulting firm focused on the North American energy industry, and has had previous roles at ISO New England, Navigant Consulting, XENERGY and New England Power Company. Over the course of her nearly 30-year career, Ms. Mottor has developed expertise in wholesale and retail electric markets, transmission systems, generation asset sales and acquisitions, asset valuation and plant operations. She was extensively involved in the design of the New England Forward Capacity Market. Ms. Mottors holds a Master of Business Administration from Bentley College and a Bachelor of Science in Mechanical Engineering from the University of Massachusetts at Amherst.
As an independent director of the Company, Ms. Mottor will serve on the Board's Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Operations and Commercial Oversight Committee.
"On behalf of the Board of Directors, I would like to welcome Danielle Mottor to our Board," said Irving R. Gerstein, Chairman of Atlantic Power. "Her energy expertise generally and in power markets and regulatory structures specifically will be a valuable asset to the Board of Directors and the management team of Atlantic Power. We are pleased that she has joined our Board, and we look forward to working with her."
About Atlantic Power
Atlantic Power is an independent power producer that owns power generation assets in nine states in the United Statesand two provinces in Canada. The generation projects sell electricity and steam to investment-grade utilities and other creditworthy large customers predominantly under long?term PPAs that have expiration dates ranging from 2019 to 2037. The Company seeks to minimize its exposure to commodity prices through provisions in the contracts, fuel supply agreements and hedging arrangements. The projects are diversified by geography, fuel type, technology, dispatch profile and offtaker (customer). The majority of the projects in operation are 100% owned and directly operated and maintained by the Company. The Company has expertise in operating most fuel types, including gas, hydro, and biomass, and it owns a 40% interest in one coal project.
