	March 31, 2012			December 31, 2011			Interest Rate

Recourse Debt:
Senior notes, due 2018	$	460,000		$	460,000		9.00%
Senior unsecured notes, due June 2036 (Cdn$210,000)		210,526			206,490		5.95%
Senior unsecured notes, due July 2014		190,000			190,000		5.90%
Senior unsecured notes, due August 2017		150,000			150,000		5.87%
Senior unsecured notes, due August 2019		75,000			75,000		5.97%
Non-Recourse Debt:
Epsilon Power Partners term facility, due 2019		34,608			34,982		7.40%
Path 15 senior secured bonds		145,880			145,879		7.90% – 9.00%
Auburndale term loan, due 2013		10,150			11,900		5.10%
Cadillac term loan, due 2025		39,631			40,231		6.02% – 8.00%
Piedmont construction loan, due 2013		108,863			100,796		Libor plus 3.50%
Canadian Hills construction loan, due 2013		176,149			—		Libor plus 3.00%
Purchase accounting fair value adjustments		10,398			10,580
Less current maturities		(246,520	)		(20,958	)

Total long-term debt	$	1,364,685		$	1,404,900

Atlantic Power (US) GP, an indirect, wholly owned subsidiary acquired in connection with the acquisition of the Partnership, has outstanding $150.0 million aggregate principal amount of 5.87% senior guaranteed notes, Series A, due August 2017 (the "Series A Notes"). Interest on the Series A Notes is payable semi-annually at 5.87%. Atlantic Power (US) GP also has outstanding $75.0 million aggregate principal amount of 5.97% senior guaranteed notes, Series B, due August 2019 (the "Series B Notes"). Interest on the Series B Notes is payable semi-annually at 5.97%. The Series A Notes and Series B Notes are guaranteed by the Partnership and by Curtis Palmer LLC, a wholly-owned subsidiary of the Partnership.

Project-level debt of our consolidated projects is secured by the respective project and its contracts with no other recourse to us. Project-level debt generally amortizes during the term of the respective revenue generating contracts of the projects. The loans have certain financial covenants that must be met. At March 31, 2012, all of our projects were in compliance with the covenants contained in project-level debt. However, our Epsilon Power Partners, Selkirk, Delta-Person and Gregory projects had not achieved the levels of debt service coverage ratios required by the project-level debt arrangements as a condition to make distributions and were therefore restricted from making distributions to us.

As of March 31, 2012, $72.8 million was drawn on the senior credit facility and $139.1 million was issued in letters of credit, but not drawn, to support contractual credit requirements at several of our projects and the applicable margin was 2.75%.