Florida cogeneration power plants sold for $140mn

Atlantic Power Corp. (NYSE: AT, TSX: ATP) closed the sale of the company’s interests in three Florida cogeneration power plants for $140 million.

Atlantic Power sold their ownership share of Auburndale Power Partners Limited Partners, Lake Cogen Ltd. and Pasco Cogen Ltd. In April, Atlantic sold its 17 percent interest in the Gregory cogeneration power plant in Texas for $244 million in gross proceeds. That deal is expected to close in the third quarter 2013.

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