Boston, July 11, 2012 — Atlantic Power Corp. announced that Terrence Ronan has been appointed executive vice president – chief financial officer, effective August 20, 2012.
In this position, Ronan will be responsible for all of finance-related functions as well as playing a central role in the development and execution of Atlantic Power's operational and strategic initiatives.
Ronan succeeds Lisa Donahue, who has served as the company's interim chief financial officer since July, 2011. Donahue will continue to be available as a consultant to the company for transition matters.
Atlantic Power is a leading publicly traded, power generation and infrastructure company with a portfolio of assets in the U.S. and Canada. The company's power generation projects sell electricity to utilities and other large commercial customers under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices.
The net generating capacity of the company's projects is about 2,140 MW, consisting of interests in 31 operational power generation projects across 11 states and 2 provinces and an 84-mile, 500 kV electric transmission line located in California.