(b) Departure of Certain Officers
On December 21, 2020, Atlantic Power
Corporation (the “Company”) and Jeffrey S. Levy, the Company’s Senior Vice President, General Counsel and Corporate
Secretary, reached a mutual agreement regarding Mr. Levy’s resignation from his employment with the Company, with such resignation
being effective as of 11:59 p.m. Eastern time on January 1, 2021. Mr. Levy will receive a lump sum cash payment of $247,500 in
lieu of his 2020 annual bonus, which will be paid on or before January 8, 2021. Effective as of January 1, 2021, Mr. Levy shall
forfeit all rights, title and interest with respect to unvested notional shares he was previously granted under the Company’s
long-term incentive plans.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Atlantic Power Corporation
Dated: December 29, 2020
/s/ Terrence Ronan
Chief Financial Officer
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