----

----

|   | x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|-----------------------------------------------------------------------------------------|

|   | For the quarterly period ended September 30, 2010. |
|--------|----------------------------------------------------|

|   | OR |
|--------|----|

|   | o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|------------------------------------------------------------------------------------------|

|   | For the transition period from   to ______. |
|--------|--------------------------------------------------|

|  Atlantic Green Power Holding Company                   |
|--------------------------------------------------------------|
|  (Exact name of registrant as specified in its charter) |
|                                                         |

| Delaware                                                                  |   | 22-3757709                      |
|---------------------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of  incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| Bayport One, Suite 455, 8025 Black Horse Pike, West Atlantic City, New Jersey 08232      |
|------------------------------------------------------------------------------------------|
| (Address of principal executive offices, including zip code)                             |
|                                                                                     |
| (609) 241-6027                                                                           |
| (Registrant’s telephone number, including area code)                               |
|                                                                                     |
| (Former name, former address and former fiscal year, if changed since last report)  |

|  Large accelerated filer     o           |  Accelerated filer                    o |
|-------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
|  Non-accelerated filer       o |  Smaller reporting company  x                                                                                                     |
|  (Do not check if smaller reporting company)                 |                                                                                                                                             |

----

|              |                                                                                                                                                                                       | PAGE   |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART I.           | FINANCIAL INFORMATION                                                                                                                                                                      |   |
|              |                                                                                                                                                                                       |   |
| Item 1.           | Financial Statements                                                                                                                                                                       | 1      |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Balance Sheets as of September 30, 2010 (Unaudited) and December 31, 2009                                                                                                     | 1      |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2010 and for the Period from September 17, 2009 (Inception) through September 30, 2010 (Unaudited) | 2      |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Statement of Stockholders’ Equity for the Period from September 17, 2009 (Inception) through September 30, 2010 (Unaudited)                                             | 3      |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2010 and for the Period from September 17, 2009 (Inception) through September 30, 2010 (Unaudited)           | 4      |
|              |                                                                                                                                                                                       |   |
|              | Notes to the Consolidated Financial Statements (Unaudited)                                                                                                                                 | 5      |
|              |                                                                                                                                                                                       |   |
| Item 2.           | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                | 18     |
|              |                                                                                                                                                                                       |   |
| Item 3.           | Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                 | 20     |
|              |                                                                                                                                                                                       |   |
| Item 4.           | Controls and Procedures                                                                                                                                                                    | 20     |
|              |                                                                                                                                                                                       |   |
| PART II.          | OTHER INFORMATION                                                                                                                                                                          |   |
|              |                                                                                                                                                                                       |   |
| Item 1.           | Legal Proceedings                                                                                                                                                                          | 22     |
|              |                                                                                                                                                                                       |   |
| Item 1A.          | Risk Factors                                                                                                                                                                               | 22     |
|              |                                                                                                                                                                                       |   |
| Item 2.           | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                | 22     |
|              |                                                                                                                                                                                       |   |
| Item 3.           | Defaults upon Senior Securities                                                                                                                                                            | 22     |
|              |                                                                                                                                                                                       |   |
| Item 4.           | (Removed and Reserved)                                                                                                                                                                     | 22     |
|              |                                                                                                                                                                                       |   |
| Item 5.           | Other Information                                                                                                                                                                          | 22     |
|              |                                                                                                                                                                                       |   |
| Item 6.           | Exhibits                                                                                                                                                                                   | 22     |
|              |                                                                                                                                                                                       |   |
| Signatures        |                                                                                                                                                                                       | 23     |
|              |                                                                                                                                                                                       |   |
| Index of Exhibits |                                                                                                                                                                                       | E-1    |

----

----

|                                                                                                                                                   |   | September 30, 2010 |      |   | December 31, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|
|                                                                                                                                                   |   | (Unaudited)        |      |   |              |   |
| Assets                                                                                                                                                 |   |               |      |   |              |   |
| Current Assets                                                                                                                                         |   |               |      |   |              |   |
| Cash                                                                                                                                                   |   | $                  | 132,565   |   |              | $      | 1,088,522 |   |
| Prepaid expenses and other current assets                                                                                                              |   |               | 23,042    |   |              |   | — |   |
| Total Current Assets                                                                                                                                   |   |               | 155,607   |   |              |   | 1,088,522 |   |
| Deposits                                                                                                                                               |   |               | 705,037   |   |              |   | 49,990 |   |
| Total Assets                                                                                                                                           |   | $                  | 860,644   |   |              | $      | 1,138,512 |   |
|                                                                                                                                                   |   |               |      |   |              |   |   |   |
|                                                                                                                                                   |   |               |      |   |              |   |   |   |
| Liabilities and Stockholders’ Equity                                                                                                             |   |               |      |   |              |   |   |   |
| Current Liabilities                                                                                                                                    |   |               |      |   |              |   |   |   |
| Accounts payable and accrued liabilities                                                                                                               |   | $                  | 112,680   |   |              | $      | 5,733 |   |
| Note payable                                                                                                                                           |   |               | 4,806     |   |              |   | — |   |
| Total Current Liabilities                                                                                                                              |   |               | 117,486   |   |              |   | 5,733 |   |
|                                                                                                                                                   |   |               |      |   |              |   |   |   |
| Total Liabilities                                                                                                                                      |   |               | 117,486   |   |              |   | 5,733 |   |
|                                                                                                                                                   |   |               |      |   |              |   |   |   |
| Stockholders’ Equity                                                                                                                             |   |               |      |   |              |   |   |   |
| Preferred stock, $0.000001 par value; 20,000,000 shares authorized;    no shares issued or outstanding                                       |   |               | —   |   |              |   | — |   |
| Common stock, $0.000001 par value; 1,000,000,000 shares authorized;    43,227,250 and 43,199,750 shares issued and outstanding, respectively |   |               | 43        |   |              |   | 43 |   |
| Additional paid in capital                                                                                                                             |   |               | 1,268,466 |   |              |   | 1,186,646 |   |
| Deferred Compensation                                                                                                                                  |   |               | (12,604   | )      |              |   | — |   |
| Deficit accumulated during the development stage                                                                                                       |   |               | (512,747  | )      |              |   | (53,910 | ) |
| Total stockholders’ equity                                                                                                                       |   |               | 743,158   |   |              |   | 1,132,779 |   |
| Total Liabilities and Stockholders’ Equity                                                                                                       |   | $                  | 860,644   |   |              | $      | 1,138,512 |   |

----

|                                                                     |   | ThreeMonthsEndedSeptember 30, 2010 |       |   | Nine MonthsEndedSeptember 30, 2010 |   |       | Period fromSeptember17, 2009(Inception)ThroughSeptember 30, 2010 |   |
|--------------------------------------------------------------------------|--------|------------------------------------|------------|--------|------------------------------------|--------|------------|------------------------------------------------------------------|--------|
|                                                                     |   | (Unaudited)                        |       |   | (Unaudited)                        |   |       | (Unaudited)                                                      |   |
|                                                                     |   |                               |       |   |                               |   |       |                                                             |   |
| Revenue                                                                  |   | $                                  | —    |   |                               | $      | —    |                                                             |   | $ | — |   |
|                                                                     |   |                               |       |   |                               |   |       |                                                             |   |   |   |   |
| Operating Expenses:                                                      |   |                               |       |   |                               |   |       |                                                             |   |   |   |   |
| Professional fees                                                        |   |                               | 52,340     |   |                               |   | 164,100    |                                                             |   |   | 207,756 |   |
| General and administrative                                               |   |                               | 139,441    |   |                               |   | 298,990    |                                                             |   |   | 309,538 |   |
| Total Operating Expenses                                                 |   |                               | 191,781    |   |                               |   | 463,090    |                                                             |   |   | 517,294 |   |
|                                                                     |   |                               |       |   |                               |   |       |                                                             |   |   |   |   |
| Loss from Operations                                                     |   |                               | (191,781   | )      |                               |   | (463,090   | )                                                                |   |   | (517,294 | ) |
|                                                                     |   |                               |       |   |                               |   |       |                                                             |   |   |   |   |
| Other Income (expense):                                                  |   |                               |       |   |                               |   |       |                                                             |   |   |   |   |
| Interest income                                                          |   |                               | 482        |   |                               |   | 4,474      |                                                             |   |   | 4,768 |   |
| Interest (expense)                                                       |   |                               | (155       | )      |                               |   | (221       | )                                                                |   |   | (221 | ) |
| Total Other Income (expense)                                             |   |                               | 327        |   |                               |   | 4,253      |                                                             |   |   | 4,547 |   |
| Loss Before Income Taxes                                                 |   |                               | (191,454   | )      |                               |   | (458,837   | )                                                                |   |   | (512,747 | ) |
| Provision for Income Taxes                                               |   |                               | —    |   |                               |   | —    |                                                             |   |   | — |   |
| Net Loss                                                                 |   | $                                  | (191,454   | )      |                               | $      | (458,837   | )                                                                |   | $ | (512,747 | ) |
| Net loss per common share - basic and diluted                            |   | $                                  | (0.00      | )      |                               | $      | (0.01      | )                                                                |   |   |   |   |
|                                                                     |   |                               |       |   |                               |   |       |                                                             |   |   |   |   |
| Weighted average number of common shares outstanding - basic and diluted |   |                               | 43,562,667 |   |                               |   | 43,202,067 |                                                             |   |   |   |   |

----

|                                  |   | CommonStock |       |   | AdditionalPaid In |   |    | Deferred |   |   | DeficitAccumulatedDuring the |   |   | TotalStockholders’ |    |
|---------------------------------------|--------|-------------|------------|--------|-------------------|--------|---------|----------|--------|--------|------------------------------|--------|--------|--------------------------|---------|
|                                  |   | Shares      |       |   | Amount            |   |    | Capital  |   |   | Compensation                 |   |   | Development              |    |   | Equity |   |
| September 17, 2009 (Inception)        |   |        | 38,099,250 |   |              | $      | 38      |     |   | $      | 1,476,541                    |   |   | $                        | — |   |   | $ | — |   |   | $ | 1,476,579 |   |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Reverse acquisition adjustment        |   |        | 5,100,500  |   |              |   | 5       |     |   |   | (289,895                     | )      |   |                     | — |   |   |   | — |   |   |   | (289,890 | ) |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Net loss                              |   |        | —    |   |              |   | — |     |   |   | —                      |   |   |                     | — |   |   |   | (53,910 | ) |   |   | (53,910 | ) |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2009            |   |        | 43,199,750 |   |              |   | 43      |     |   |   | 1,186,646                    |   |   |                     | — |   |   |   | (53,910 | ) |   |   | 1,132,779 |   |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Common stock issued for services      |   |        | 27,500     |   |              |   | — |     |   |   | 44,000                       |   |   |                     | — |   |   |   | — |   |   |   | 44,000 |   |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Stock options issued for services     |   |        | —    |   |              |   | — |     |   |   | 37,820                       |   |   |                     | (37,820 | ) |   |   | — |   |   |   | — |   |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Amortization of deferred compensation |   |        | —    |   |              |   | — |     |   |   | —                      |   |   |                     | 25,216  |   |   |   | — |   |   |   | 25,216 |   |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Net loss                              |   |        | —    |   |              |   | — |     |   |   | —                      |   |   |                     | — |   |   |   | (458,837 | ) |   |   | (458,837 | ) |
|                                  |   |        |       |   |              |   |    |     |   |   |                         |   |   |                     |    |   |   |   |   |   |   |   |   |   |
| Balance, September 30, 2010           |   |        | 43,227,250 |   |              | $      | 43      |     |   | $      | 1,268,466                    |   |   | $                        | (12,604 | ) |   | $ | (512,747 | ) |   | $ | 743,158 |   |

----

|                                                                                                              |   |                              |      |   |                                                            |   |
|-------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|-----------|--------|-----------------------------------------------------------------|--------|
|                                                                                                              |   | Nine MonthsEndedSeptember 30,2010 |      |   | Period fromSeptember 17,2009(Inception)throughSeptember 30,2010 |   |
|                                                                                                              |   | (Unaudited)                       |      |   | (Unaudited)                                                     |   |
| Cash Flows from Operating Activities:                                                                             |   |                              |      |   |                                                            |   |
| Net Loss                                                                                                          |   | $                                 | (458,837  | )      |                                                            | $      | (512,747 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities:     Stock compensation |   |                              | 69,216    |   |                                                            |   | 71,216 |   |
| Changes in operating assets and liabilities:                                                                      |   |                              |      |   |                                                            |   |   |   |
| Increase in prepaid expenses and other current assets                                                             |   |                              | (23,042   | )      |                                                            |   | (23,042 | ) |
| Increase in deposits                                                                                              |   |                              | (655,047  | )      |                                                            |   | (705,037 | ) |
| Increase in accounts payable and accrued liabilities                                                              |   |                              | 106,947   |   |                                                            |   | 112,685 |   |
| Net Cash used in Operating Activities                                                                             |   |                              | (960,763  | )      |                                                            |   | (1,056,925 | ) |
|                                                                                                              |   |                              |      |   |                                                            |   |   |   |
| Cash Flows from Financing Activities:                                                                             |   |                              |      |   |                                                            |   |   |   |
| Proceeds from sale of common stock                                                                                |   |                              | —   |   |                                                            |   | 1,184,684 |   |
| Proceeds from note payable                                                                                        |   |                              | 10,681    |   |                                                            |   | 10,681 |   |
| Payments of note payable                                                                                          |   |                              | (5,875    | )      |                                                            |   | (5,875 | ) |
| Net cash provided by financing activities                                                                         |   |                              | 4,806     |   |                                                            |   | 1,189,490 |   |
|                                                                                                              |   |                              |      |   |                                                            |   |   |   |
| Increase (decrease) in cash                                                                                       |   |                              | (955,957  | )      |                                                            |   | 132,565 |   |
|                                                                                                              |   |                              |      |   |                                                            |   |   |   |
| Cash at beginning of period                                                                                       |   |                              | 1,088,522 |   |                                                            |   | — |   |
|                                                                                                              |   |                              |      |   |                                                            |   |   |   |
| Cash at end of period                                                                                             |   | $                                 | 132,565   |   |                                                            | $      | 132,565 |   |
|                                                                                                              |   |                              |      |   |                                                            |   |   |   |

----

----

----

| Level 1 |   | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                              |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Level 2 |   | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. |
| Level 3 |   | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                    |

----

|                    | September 30,  2010 |
|-------------------------|-------------------------------|
| Risk-free interest rate | 3.0%                          |
| Dividend yield          | 0.00%                         |
| Expected volatility     | 100%                          |
| Expected option life    | 5 years                       |

|   | · (a)(a) The expected volatility is based on a combination of the historical volatility of the Company’s and comparable companies’ stock over the contractual life of the options. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · (b)(b) The Company uses historical data to estimate employee termination behavior. The expected life of options granted is derived from paragraph 718-10-S99-1 of the Codification and represents the period of time the options are expected to be outstanding. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · (c)(c) The risk-free interest rate is based on the U.S. Department of the Treasury yield curve in effect at the time of grant for periods within the contractual life of the option. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · (d)(d) The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the contractual life of the option. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | (a) | a subsidiary or group of assets that is a business or nonprofit activity; |
|--------|-----|---------------------------------------------------------------------------|

|   | (b) | a subsidiary that is a business or nonprofit activity that is transferred to an equity method investee or joint venture; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | an exchange of a group of assets that constitutes a business or nonprofit activity for a noncontrolling interest in an entity (including an equity method investee or joint venture). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | sales of in substance real estate (entities should apply the sale of real estate guidance in Subtopics 360-20 (Property, Plant, and Equipment) and 976-605 (Retail/Land) to such transactions); and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | conveyances of oil and gas mineral rights (entities should apply the mineral property conveyance and related transactions guidance in Subtopic 932-360 (Oil and Gas-Property, Plant, and Equipment) to such transactions). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Transfers in and out of Levels 1 and 2. A reporting entity should disclose separately the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and describe the reasons for the transfers. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Activity in Level 3 fair value measurements. In the reconciliation for fair value measurements using significant unobservable inputs (Level 3), a reporting entity should present separately information about purchases, sales, issuances, and settlements (that is, on a gross basis rather than as one net number). |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Level of disaggregation. A reporting entity should provide fair value measurement disclosures for each class of assets and liabilities. A class is often a subset of assets or liabilities within a line item in the statement of financial position. A reporting entity needs to use judgment in determining the appropriate classes of assets and liabilities. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Disclosures about inputs and valuation techniques. A reporting entity should provide disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements. Those disclosures are required for fair value measurements that fall in either Level 2 or Level 3. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | An entity that either (i) is an SEC filer or (ii) is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets) is required to evaluate subsequent events through the date that the financial statements are issued. If an entity meets neither of those criteria, then it should evaluate subsequent events through the date the financial statements are available to be issued. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | An entity that is an SEC filer is not required to disclose the date through which subsequent events have been evaluated. This change alleviates potential conflicts between Subtopic 855-10 and the SEC's requirements. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | The scope of the reissuance disclosure requirements is refined to include revised financial statements only. The term revised financial statements is added to the glossary of Topic 855. Revised financial statements include financial statements revised either as a result of correction of an error or retrospective application of U.S. GAAP. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (ii) | The enhancement of the value of the item delivered as a result of a specific outcome resulting from the corporation’s performance to achieve the milestone. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | The factors that the entity considered in determining whether the milestone or milestones are substantive; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------|

|   | (e) | The amount of consideration recognized during the period for the milestone or milestones. |
|--------|-----|-------------------------------------------------------------------------------------------|

----

----

----

|                                                              |   | Number of Option Shares |     | Exercise Price Range Per Share |   | Weighted Average Exercise Price |   | WeightedAverageRemaining(in years)Contractual Term |   | Intrinsic Value (in thousands) |   |
|-------------------------------------------------------------------|--------|----------------------------------------|----------|----------------------------------------------------|--------|-------------------------------------------|--------|---------------------------------------------------------|--------|------------------------------------------|--------|
|                                                              |   |                                   |     |                                               |   |                                      |   |                                                    |   |                                     |   |
| Balance, January 1, 2010                                          |   |                                   | ---      |                                               |   |                                      | $      | ---                                                     |   |                                     |   | $ |  --- |   |   |   |   |   |   |  $ | ---  |   |
| Granted                                                           |   |                                   | 220,000  |                                               |   |                                      | $      | 0.25                                                    |   |                                     |   | $ | 0.25 |   |   |   |   | .33 |   |  $ |  41,602 |   |
| Cancelled                                                         |   |                                   | (20,000) |                                               |   |                                      | $      | ---                                                     |   |                                     |   | $ | --- |   |   |   |   |   |   |  $ |  (3,782  | ) |
| Balance, September 30, 2010                                       |   |                                   | 200,000  |                                               |   |                                      | $      | 0.25                                                    |   |                                     |   |   | 0.25 |   |   |   |   |   |   |  $ |  37,820 |   |
| Vested and Exercisable     September 30, 2010 |   |                                   | 133,336  |                                               |   |                                      | $      | 0.25                                                    |   |                                     |   | $ | 0.25 |   |   |   |   |   |   | $ | 25,216 |   |

|                     |   | Options Outstanding |    | Options Exercisable                                      |   |
|--------------------------|--------|---------------------|---------|----------------------------------------------------------|--------|
| Range of Exercise Prices |   | Number Outstanding  |    | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   | Number Exercisable |   | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   |
| $0.25                    |   |                | 200,000 |                                                     |   | 0.50 |   | $ | 0.25 |   |   | 133,336 |   |   | 0.50 |   | $ | 0.25 |   |
|                     |   |                |    |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $0.25                    |   |                | 200,000 |                                                     |   | 0.50 |   | $ | 0.25 |   |   | 133,336 |   |   | 0.50 |   | $ | 0.25 |   |

----

----

| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

----

----

| Item 3. | Quantitative and Qualitative Disclosures About Market Risk |
|---------|------------------------------------------------------------|

| Item 4. | Controls and Procedures |
|---------|-------------------------|

----

----

|   | PART II.  OTHER INFORMATION |
|--------|---------------------------------------|

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 1A. | Risk Factors |
|----------|--------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 4. | (Removed and Reserved.) |
|---------|-------------------------|

| Item 5. | Other Information |
|---------|-------------------|

| Item 6. | Exhibits |
|---------|----------|

----

|                                                                                                                   | Atlantic Green Power Holding Company       |   |
|------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|--------|
|                                                                                                                   | Registrant                                      |   |
|                                                                                                                   |                                            |   |
| Date:             November 15, 2010    |  /s/ Robert Demos, Jr.                |   |
|                                                                                                                   |  Robert Demos, Jr.                         |   |
|                                                                                                                   |  President and Chief Executive Officer     |   |
|                                                                                                                   |  (Principal Executive Officer)             |   |
|                                                                                                                   |                                            |   |
| Date:             November 15, 2010         | /s/ R. Scott Byrne                         |   |
|                                                                                                                   | R. Scott Byrne                                  |   |
|                                                                                                                   | Chief Operating Officer, Secretary,   |   |
|                                                                                                                   | Treasurer (Principal Financial Officer)         |   |
|                                                                                                                   |                                            |   |

----

| EXHIBIT INDEX |
|---------------|

| Exhibit No. |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1         |   | Agreement and Plan of Exchange by and among the Company, Atlantic Green Power Corporation and Ian McKinnon, dated January 29, 2010 (Incorporated by reference to Exhibit 2.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 2.2         |   | Stock Purchase Agreement by and between the Company and Ian McKinnon, dated January 29, 2010 (Incorporated by reference to Exhibit 2.2 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 3.1         |   | Amended and Restated Certificate of Incorporation of the Company (Incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 3.2         |   | Amended and Restated By-laws of the Company (Incorporated by reference to Exhibit 3.2 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 4.1         |   | Form of Convertible Promissory Note, dated October 12, 2010, issued to the following subscribers and in the following amounts:  Alpha Capital Anstalt ($350,000); and Adventure Ventures LLC ($150,000) (Incorporated by reference to Exhibit 4.1 to the Company’s Form 8-K filed with the SEC on October 15, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.1        |   | Mineral Claim Option Agreement between the Company and Claim Lake Nickel, Inc. dated March 13, 2007 (Incorporated by reference to Exhibit 10.1 to the Company’s Registration Statement on Form SB-2 filed with the SEC on May 30, 2007).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.2        |   | Amendment #1 to Mineral Claim Option Agreement between the Company and Claim Lake Nickel, Inc. dated March 13, 2007 (Incorporated by reference to Exhibit 10.2 to the Company’s Form 10-K filed with the SEC on April 15, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.3        |   | Amendment #2 to Mineral Claim Option Agreement between the Company and Claim Lake Nickel, Inc. dated March 13, 2007 (Incorporated by reference to Exhibit 10.3 to the Company’s Form 10-K filed with the SEC on April 15, 2009).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.4        |   | Atlantic Green Power Holding Company Equity Incentive Plan (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.5        |   | Ground Lease Agreement between Edward Stella, Jr. and Atlantic Green Power Corporation, effective November 30, 2009 (Incorporated by reference to Exhibit 10.5 to the Company’s Form 10-K filed with the SEC on March 31, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 10.6        |   | East Tract Ground Lease Agreement between Edward J. Stella, Jr. and Atlantic Green Power Corporation dated August 6, 2010 (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on August 12, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.7        |   | West Tract Ground Lease Agreement between Edward J. Stella, Jr. and Atlantic Green Power Corporation dated August 6, 2010 (Incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed with the SEC on August 12, 2010).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.8        |   | Subscription Agreement, dated as of October 12, 2010, by and among Atlantic Green Power Holding Company (the “Company”) and Alpha Capital Anstalt and Adventure Ventures LLC, including Exhibit B – Form of Common Stock Purchase Warrant.  Upon the request of the Securities and Exchange Commission, the Company agrees to furnish copies of each of the following schedules and exhibits:  Schedule 5(a) – Subsidiaries; Schedule 5(d) – Capitalization and Additional Issuances; Schedule 5(l) – Defaults; Schedule 5(p) – No Undisclosed Events or Circumstances; Schedule 5(q) – Banking; Schedule 5(x) – Transfer Agent; Schedule 9(e) – Use of Proceeds; Exhibit A – Form of Convertible Note (included as Exhibit 4.1); Exhibit C – Form of Escrow Agreement (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on October 15, 2010). |
| 31.1        |   | Section 302 Certification of Principal Executive Officer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 31.2        |   | Section 302 Certification of Principal Financial Officer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 32.1        |   | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 32.2        |   | Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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