AT - Atlantic Power to sell capacity from Oxnard for 2022-23

Atlantic Power (AT) says it has executed a new agreement to sell capacity from its Oxnard, Calif., power plant for an additional two years through year-end 2023.The plant currently operates under a Resource Adequacy agreement through the end of 2021.The capacity payment is modestly higher than the level in place for 2021, the company says, adding that it expects a modest level of project adjusted EBITDA from Oxnard in 2022-23 similar to the level expected for 2021.Earlier this year, I Squared Capital agreed to buy Atlantic Power for $3.03/share.

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Atlantic Power to sell capacity from Oxnard for 2022-23