Atlantic Power comments on fire at Cadillac biomass plant

By Atlantic Power Corp. | September 24, 2019

Atlantic Power Corp. disclosed Sept. 23 that its Cadillac biomass plant, located in Cadillac, Michigan, is currently offline following a fire at the plant on Sept. 22. The plant's sprinkler system activated and the fire was extinguished by the local fire department. The fire did not result in any injuries or known environmental violations.

The cause of the fire, extent of the damage, and time required to repair the facility are unknown at this time. The company is assessing the extent of the damage to the facility and will be reviewing the incident with its insurance carriers.

Atlantic Power would like to thank all area first responders for their support during this incident.

The company expects to provide a further update with its third quarter 2019 financial results when it has determined the extent of the damage, the schedule for the plant's expected return to service and the financial impact.

The company would note that Cadillac contributed $3.4 million to project adjusted EBITDA in the first six months of 2019, or 3 percent of total project adjusted EBITDA. Cadillac is a 40 megawatt biomass-fired plant that has been in operation since 1993. Atlantic Power acquired a 100 percent interest in the plant in December 2010. The plant sells power to Consumers Energy under a long-term power purchase agreement (PPA) that expires in June 2028.