Atlantic Power to Sell Interests Project for $56 Mln; Shares Up from New 52-Week Low, Rise 1%

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Atlantic Power Corp. ( AT ) shares are slightly higher after a subsidiary of the company entered into a $56 million deal with Duke-American Transmission Company, LLC, to sell the company's interests in the Path 15 transmission project.

Duke-American Transmission Company is a joint venture between Duke Energy ( DUK ) and American Transmission Co. All project level debt issued by Path 15, totaling $137 million as of December 31, 2012, will transfer with the sale.

AT is up 0.2% to $5.44, above the new low in a 52-week range of $5.27 - $15.18.

DUK is up 0.9% to $69.70 in a 52-week range of $59.63 - $71.13.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
Referenced Symbols: AT , DUK

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