Atlantic Power Corporation Announces December 2009 Common Share Dividend and Tax Information for Shareholders

TORONTO, ONTARIO – Atlantic Power Corporation (TSX:ATP) (the “Company”) today announced its distribution for the month of December 2009.  A dividend of $0.0912 per Common Share (“Common Shares”) will be payable on January 29, 2010 to holders of record at the close of business on December 31, 2009.  This is the Company’s first monthly dividend following the completion of its conversion to a traditional common share structure on November 27, 2009.

Tax Information for Shareholders
Atlantic Power Corporation designates this dividend to be an “eligible dividend” pursuant to subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any provinces of Canada. 
U.S. individual or other non-corporate taxpayers should be eligible for the reduced rate of tax currently applicable to “qualified dividends” provided that the investor meets the holding period and any other requirements. 
The Company’s common share dividend is subject to a 15% withholding tax for U.S. holders.  U.S. individuals holding shares in taxable accounts may be eligible to receive a credit on their U.S. income tax return for this withholding tax.  U.S. individuals holding the Company’s common shares in Individual Retirement Accounts (“IRAs”) may be exempt from withholding tax pursuant to the Canada – U.S. Income Tax Convention. 
Taxpayers should always seek their own independent qualified professionals regarding the tax consequences of purchasing or owning common shares of the Company.  Individuals who believe the withholding tax exemption applies to their IRA should contact their broker to determine how to claim the exemption. 


About Atlantic Power
Atlantic Power Corporation owns interests in a diversified portfolio of 12 power generation projects and one transmission line located in major markets in the United States. Atlantic Power's objectives are to maintain the stability of dividends to its shareholders and increase the long term value of the Company by enhancing the performance of its existing assets and by making accretive acquisitions.
For further information please contact:
Atlantic Power Corporation
Patrick Welch
(617) 977-2700