11:29 AM EST - Atlantic Power Corporation : Provided the following update on the Power Purchase Agreements (PPAs) for its Calstock and Oxnard plants: Calstock is an approximately 35 megawatt biomass plant located in Hearst, Ontario. The PPA with the Ontario Electricity Financial Corporation, which had been scheduled to expire in June 2020, was recently extended to December 16, 2020 on existing terms. The extension provides the provincial government additional time to evaluate the future role of the Calstock plant and biomass generation in the province. The Company expects Project Adjusted EBITDA from Calstock in the July through December period will be lower than the comparable period in 2019 primarily due to an expected increase in fuel costs, as a result of lower production from the local mills due to the coronavirus pandemic. Atlantic Power Corporation
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