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A subsidiary of Atlantic Power Corp. has entered into a purchase and sale agreement with Duke-American Transmission Company LLC - a joint venture between Duke Energy and American Transmission Co. - to sell its interests in the Path 15 transmission project.

Path 15 is an 84-mile 500 kV transmission line in central California that began commercial operation in December 2004. Atlantic Power acquired the project in 2006.

"As we continue to strengthen our renewable and natural gas portfolio, the Path 15 transmission project is no longer a part of the strategic core to our business model," explains Barry Welch, president and CEO of Atlantic Power. "The sale of Path 15, which is the most highly levered asset in our portfolio, will allow us to maintain a focus on generation going forward."

Atlantic Power has a number of wind power projects in southern Idaho, as well as hydro assets in the Pacific Northwest and in New York.

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