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Northland Power Acquires Clean and Green Energy Operations in Ontario and Northern Quebec

Northland Power Acquires Clean and Green Energy Operations in Ontario and 
Northern Quebec 
TORONTO, ONTARIO -- (Marketwire) -- 04/01/13 -- Northland Power Inc.
("Northland") (TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A), a
leading Canadian independent power producer, announced today that it
has acquired from The Probyn Group(TM) the controlling interest in
Canadian Environmental Energy Corporation (CEEC) and all the shares
of Chapais Power Services Inc. (CPSI, formerly known as Probyn Power
Services Inc).  
"In line with our commitment to long-term stability and growth, the
acquisitions are a logical move for us, to be primed for the
promising future we see ahead," said John Brace, President and CEO of
Northland Power. "While we do not expect them to increase near-term
cash flow, for a nominal cost we are consolidating our interests in
two of Ontario's pioneering clean energy projects under our
management since start-up and adding another pure renewables project
to our portfolio in Quebec." 
CEEC owns the voting shares in Kirkland Lake Power Corp. (KLPC) and
Cochrane Power Corporation (CPC) which, respectively, own the 132 MW
Kirkland Lake and 40 MW Cochrane biomass and natural-gas fired power
facilities operated by Northland Power. CEEC also owns the voting
shares in CHEL, General Partner of Chapais Energie, Societe en
Commandite (CHESEC), owner of the 28 MW biomass-fired power facility
in Chapais, Quebec.  
Subsequent to these acquisitions, Northland will assume corporate
management of CEEC, CPC, KLPC, and CHEL. In addition to continuing in
its role as operations manager of the Cochrane and Kirkland Lake
generating stations, Northland will take on through CPSI a new role
as operations manager of the Chapais generating station.  
Northland and The Probyn Group will work together to ensure a
seamless transition of responsibilities in the coming months. To
ensure continuity, H. Allen Jackson will remain an Independent
Director and Chairman of CEEC and its subsidiaries.  
"Since we came together with Northland in 1990 to lay the foundations
of Canada's green energy industry, we have enjoyed an excellent
working relationship with this great company," said Dr. Barbara
Eastman, President of The Probyn Group. "Based on our 22 years of
experience with them, I am convinced that the facilities, staff, and
host communities will continue to prosper under Northland's
stewardship."  
ABOUT NORTHLAND 
Northland Power is an independent power producer founded in 1987, and
publicly traded since 1997. Northland produces 'clean' (natural gas)
and 'green' (wind, solar, and hydro) energy, providing sustainable
long-term value to shareholders, stakeholders, and host communities.
The company owns or has a net economic interest in 1,005 MW of
operating generating capacity, with an additional 380 MW of
generating capacity currently in construction, and another 220 MW of
wind, solar and run-of-river hydro projects with awarded power
contracts. Northland's cash flows are diversified over five
geographically separate regions and regulatory jurisdictions in
Canada, Germany and the United States. 
Northland Power's common shares, Series 1 and Series 3 preferred
shares and convertible debentures trade on the Toronto Stock Exchange
under the symbols NPI, NPI.PR.A, NPI.PR.C and NPI.DB.A, respectively.
Contacts:
Northland Power Inc.
Sarah Charuk
Communications Manager
647-288-1105 or 416-886-8960 (mobile)
Sarah.charuk@northlandpower.ca
 
 
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