Atlantic Power Corporation

Atlantic Power Corporation

December 15, 2006 13:17 ET

Atlantic Power Corporation Announces December 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews - Dec. 15, 2006) - Atlantic Power Corporation (TSX:ATP.UN) (the "Company") today announced its distribution for the month of December 2006. A distribution of $0.0884 per Income Participating Security ("IPS") will be payable on January 31, 2007 to holders of record at the close of business on December 29, 2006.

Each of the Company's Income Participating Securities is comprised of one common share and $5.767 aggregate principal amount of 11% subordinated notes. The total distribution of $0.0884 reflects a cash dividend per common share of $0.0355 and an interest payment of $0.0529 for the month of December 2006.

Atlantic Power Corporation owns interests in a diversified portfolio of 15 power generation projects and one transmission line located primarily in major markets in the United States. Atlantic Power's objectives are to sustain and grow its cash distributions over the long term by enhancing the performance of its existing assets and by making accretive acquisitions.

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