- Atlantic Power (NYSE:AT-OLD) says it is postponing release of its Q4 results until March 15, citing the additional time needed to complete the complex analysis to finalize a writedown of PP&E and goodwill for FY 2015.
- AT says it anticipates recording a $100M-$140M impairment for the year, due to changes in market conditions and the resulting effect on PP&E, intangible assets and goodwill.
- AT does not expect the impairment to have an impact on its 2016 financial guidance of $200M-$220M in adjusted EBITDA and $110M-$130M in cash flow.