Northland Power Income Fund
TSX : NPI.UN
TSX : NPI.DB

Northland Power Income Fund

February 17, 2009 17:11 ET

Northland Power Income Fund Clarifies Kingston Steam Host Status

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2009) - Northland Power Income Fund (the "Fund") (TSX:NPI.UN)(TSX:NPI.DB) -

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In a press release dated February 13, 2008 announcing 2008 Fourth Quarter results, Northland Power Income Fund (the "Fund") reported that INVISTA (Canada) Company ("INVISTA") had informed the Fund about its plans to shut down the Kingston facility's steam host. To clarify, the Kingston facility's steam host is INVISTA's adjacent Millhaven facility and it is this facility in Millhaven that may be indefinitely shut down starting sometime in mid-2009.

ABOUT THE FUND

Northland Power Income Fund is a Canadian income trust that indirectly owns equity interests in six power projects, which efficiently and cleanly produce electricity and steam for sale under long-term contracts. The Fund's combined-cycle cogeneration power plants and wind farms are located in Canada, the United States and Germany. The Fund is also providing $30 million as subordinated debt to Northland Power Inc.'s 265 MW Thorold Cogeneration Project that is under construction near Thorold, Ontario and $35 million as subordinated debt to the Jardin d'Eole wind project under construction near Matane, Quebec.

The Fund's trust units and convertible debentures, which trade on the Toronto Stock Exchange under the symbols NPI.UN and NPI.DB respectively, are qualified investments for RRSPs and DPSPs under the Canadian Income Tax Act. The Fund has in place a distribution re-investment plan that allows unitholders who are residents of Canada to automatically have their monthly cash distributions reinvested in additional units. Participants do not pay any costs associated with the plan, including brokerage commissions. For further information or to join the plan, contact your financial advisor or broker.

Contact Information

  • Northland Power Income Fund Management Inc.
    Barb Bokla
    Manager, Investor Relations
    (416) 962-6262 x156
    (416) 962-6266 (FAX)
    or
    Northland Power Income Fund Management Inc.
    Boris Balan
    Director of Communications
    (416) 962-6262 x116
    (416) 962-6266 (FAX)
    Email: info@NPIFund.com
    Website: www.NPIFund.com