Independent power producer Atlantic Power Corporation has issued an update on the status of its 40-megawatt biomass plant in Michigan, US.
The Cadillac plant had been out of service following a fire in September 2019. Reconstruction was completed in late July and the plant was re-commissioned, tested, and returned to service on 20 August.
The cost of the new equipment and repairs to the facility was in line with Atlantic Power’s estimate and Cadillac has been operating well since its return to service.
The firm expects that it will settle the Cadillac insurance claim by the end of September, which would allow it to record business interruption insurance recoveries to income in the third quarter of 2020.