Atlantic Power Corporation

Atlantic Power Corporation

March 17, 2005 10:21 ET

Atlantic Power Corporation Announces March 2005 Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ATLANTIC POWER CORPORATION

TSX SYMBOL: ATP.UN

MARCH 17, 2005 - 10:21 ET

Atlantic Power Corporation Announces March 2005
Distribution

TORONTO, ONTARIO--(CCNMatthews - March 17, 2005) - Atlantic Power
Corporation (TSX:ATP.UN) (the "Company") today announced its
distribution for the month of March 2005. A distribution of $0.0834 per
Income Participating Security ("IPS") will be payable on April 29, 2005
to holders of record at the close of business on March 31, 2005.

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 $0.0834 reflects a cash
dividend per common share of $0.0305 and an interest payment of $0.0529
for the month of March 2005.

Atlantic Power Corporation owns interests in a diversified portfolio of
15 power generation projects 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.

When used in this news release, the words "anticipate", "expect",
"project", "believe", "estimate", "forecast" and similar expressions are
intended to identify forward-looking statements, which include
statements relating to pending and proposed projects. Such statements
are subject to certain risks, uncertainties and assumptions pertaining
to operating performance, regulatory parameters, weather and economic
conditions and, in the case of pending and proposed projects, risks
relating to design and construction, regulatory processes, obtaining
financing and performance of other parties, including partners,
contractors and suppliers.

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