Atlantic Power buys stakes in biomass plants from AltaGas

|About: Atlantic Power Corporation (AT)|By:, SA News Editor

Atlantic Power (NYSE:AT) agrees to acquire AltaGas's (OTCPK:ATGFF) equity ownership interests in two contracted biomass plants in North Carolina and Michigan for $20M.

AT will acquire a 50% interest in the Craven County Wood Energy biomass plant in North Carolina, which has been in service since 1990, and a 30% stake in the Grayling Generating Station biomass plant in Michigan, which has been in service since 1992.

Both plants are operated by an affiliate of CMS Energy (NYSE:CMS).

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