	Guarantor Subsidiaries			Curtis Palmer		Atlantic Power			Eliminations			Consolidated Balance

Assets
Current assets:
Cash and cash equivalents	$	79.4		$	—	$	6.3		$	—		$	85.7
Restricted cash		43.5			—		—			—			43.5
Accounts receivable		142.5			14.5		2.1			(80.7	)		78.4
Prepayments, supplies, and other current assets		43.9			1.1		6.3			(1.0	)		50.3
Asset held for sale		346.8			—		—			—			346.8

Total current assets		656.1			15.6		14.7			(81.7	)		604.7
Property, plant, and equipment, net		1,849.0			172.3		—			(1.3	)		2,020.0
Equity investments in unconsolidated affiliates		4,692.1			—		1,001.3			(5,282.3	)		411.1
Other intangible assets, net		350.6			155.1		—			—			505.7
Goodwill		276.5			58.2		—			—			334.7
Other assets		523.6			—		438.6			(899.0	)		63.2

Total assets	$	8,347.9		$	401.2	$	1,454.6		$	(6,264.3	)	$	3,939.4

Liabilities
Current liabilities:
Accounts payable and accrued liabilities	$	87.9		$	16.5	$	63.7		$	(80.7	)	$	87.4
Revolving credit facility		44.1			—		20.0			—			64.1
Current portion of long-term debt		121.7			—		—			—			121.7
Liabilities held for sale		205.3			—		—			—			205.3
Other current liabilities		28.7			—		3.9			(1.0	)		31.6

Total current liabilities		487.7			16.5		87.6			(81.7	)		510.1
Long-term debt		824.1			190.0		460.0			—			1,474.1
Convertible debentures		—			—		418.2			—			418.2
Other non-current liabilities		1,217.0			8.4		0.5			(844.1	)		381.8
Equity
Common shares		5,082.0			186.3		1,285.3			(5,268.3	)		1,285.3
Preferred shares issued by a subsidiary company		256.7			—		—			(35.4	)		221.3
Accumulated other comprehensive loss		(2.4	)		—		—			—			(2.4	)
Retained deficit		248.3			—		(797.0	)		(34.8	)		(583.5	)

Total Atlantic Power Corporation shareholders' equity		5,584.6			186.3		488.3			(5,338.5	)		920.7
Noncontrolling interests		234.5			—		—			—			234.5

Total equity		5,819.1			186.3		488.3			(5,338.5	)		1,155.2

Total liabilities and equity	$	8,347.9		$	401.2	$	1,454.6		$	(6,264.3	)	$	3,939.4

Guarantor
Subsidiaries

Curtis
Palmer

Atlantic
Power

Eliminations

Consolidated
Balance

Project revenue:

Total project revenue

131.6

8.8

—

(0.2

)

140.2

Project expenses:

Fuel

49.6

—

49.6

Operations and maintenance

26.5

1.6

0.3

(0.1

)

28.3

Development

1.7

—

1.7

Depreciation and amortization

37.5

3.8

—

41.3

115.3

5.4

0.3

(0.1

)

120.9

Project other income (expense):

Change in fair value of derivative instruments

12.6

—

12.6

Equity in earnings of unconsolidated affiliates

7.2

—

7.2

Interest, net

(5.2

)

(2.8

)

—

(8.0

)

14.6

(2.8

)

—

11.8

Project income (loss)

30.9

0.6

(0.3

)

(0.1

)

31.1

Administrative and other expenses (income):

Administration

4.6

—

3.7

—

8.3

Interest, net

19.3

—

6.6

—

25.9

Foreign exchange gain

(2.5

)

—

(5.0

)

—

(7.5

)

21.4

—

5.3

—

26.7

Income (loss) from continuing operations before income taxes

9.5

0.6

(5.6

)

(0.1

)

4.4

Income tax benefit

(2.5

)

—

(2.5

)

Net income (loss) from continuing operations

12.0

0.6

(5.6

)

(0.1

)

6.9

Net income from discontinued operations

0.9

—

0.9

Net income (loss)

12.9

0.6

(5.6

)

(0.1

)

7.8

Net income (loss) attributable to noncontrolling interest

(1.9

)

—

3.2

1.3

Net income (loss) attributable to Atlantic Power Corporation

14.8

0.6

(5.6

)

(3.3

)

6.5

Guarantor
Subsidiaries

Curtis
Palmer

Atlantic
Power

Eliminations

Consolidated
Balance

Net income (loss)

12.9

0.6

(5.6

)

(0.1

)

7.8

Other comprehensive income (loss):

Net amount reclassified to earnings

0.3

—

0.3

Net unrealized losses on derivatives

0.3

—

0.3

—

Foreign currency translation adjustments

(12.1

)

—

(12.1

)

Other comprehensive loss, net of tax

(11.8

)

—

(11.8

)

Comprehensive income (loss)

1.1

0.6

(5.6

)

(0.1

)

(4.0

)

Less: Comprehensive income attributable to noncontrolling interests

1.3

—

1.3

Comprehensive income (loss) attributable to Atlantic Power Corporation

(0.2

)

0.6

(5.6

)

(0.1

)

(5.3

)

Guarantor
Subsidiaries

Curtis
Palmer

Atlantic
Power

Eliminations

Consolidated
Balance

Net cash provided by operating activities

51.3

0.2

22.7

—

74.2

Cash flows used in investing activities:

Acquisitions and investments, net of cash acquired

3.0

—

(3.0

)

—

Construction in progress

(9.7

)

—

(9.7

)

Change in restricted cash

(18.7

)

—

(18.7

)

Purchase of property, plant and equipment

(2.0

)

(0.2

)

—

(2.2

)

Net cash used in investing activities

(27.4

)

(0.2

)

(3.0

)

—

(30.6

)

Cash flows provided by financing activities:

Offering costs related to tax equity

(0.6

)

—

(0.6

)

Repayment for long-term debt

(2.6

)

—

(2.6

)

Proceeds from project-level debt

20.8

—

20.8

Payments for revolving credit facility borrowings

(2.9

)

—

(2.9

)

Equity contribution from noncontrolling interest

—

2.0

—

2.0

Dividends paid

(4.0

)

—

(32.3

)

—

(36.3

)

Net cash provided by (used in) financing activities

10.7

—

(30.3

)

—

(19.6

)

Net increase (decrease) in cash and cash equivalents

34.6

—

(10.6

)

—

24.0

Less cash at discontinued operation

(5.0

)

—

(5.0

)

Cash and cash equivalents at beginning of period at discontinued operations

6.5

—

6.5

Cash and cash equivalents at beginning of period

43.3

—

16.9

—

60.2

Cash and cash equivalents at end of period

79.4

—

6.3

—

85.7