Northland Power Inc.

Northland Power Inc.

May 21, 2014 16:11 ET

Northland Power Reports on the 2014 Annual General Meeting

TORONTO, ONTARIO--(Marketwired - May 21, 2014) - Northland Power Inc. ("Northland") (TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A)(TSX:NPI.DB.B) today announced the results of the election of directors at its Annual General Meeting ("the Meeting") held on May 21, 2014 in Toronto, Ontario.

The total number of voting shares represented by shareholders present in person and by proxy at the meeting was 94,041,677, representing 64.16% of Northland's outstanding voting shares.

The seven nominees proposed by management for election as directors were elected by a show of hands. Proxies were received as follows:

Nominee Votes For Percent Withheld Percent
James C. Temerty, C.M. 82,294,435 87.77% 11,468,693 12.23%
The Right Honourable John N. Turner, Q.C. 93,649,484 99.88% 113,644 0.12%
Dr. Marie Bountrogianni 93,698,748 99.93% 64,380 0.07%
V. Peter Harder 92,536,712 98.69% 1,226,416 1.31%
Linda L. Bertoldi 83,133,074 88.66% 10,630,054 11.34%
Barry Gilmour (New Director) 93,713,670 99.95% 49,458 0.05%
Russell Goodman (New Director) 93,702,536 99.94% 60,592 0.06%

"The addition of Barry and Russell to our Board enhances an already strong group of directors," said James Temerty, Chairman of Northland Power's Board of Directors. "The collective experience and expertise of Northland's Board will serve the company well as we continue to execute our vigorous growth strategy while maintaining our attractive dividend."

The Appointment of Ernst & Young LLP to serve as the independent auditors of Northland until the next annual meeting was approved by a show of hands. Proxies were received as follows:

Votes For Percent Withheld Percent
93,903,140 99.85% 138,537 0.15%


Northland is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce '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 1,379 MW of operating generating capacity, with an additional 50 MW of generating capacity currently in construction, and another 750 MW (439 MW net to Northland) of wind and solar projects with awarded power contracts. The above includes Northland's majority equity stake in Gemini, a 600 MW (360 MW net to Northland) offshore wind project in the North Sea. Northland's cash flows are diversified over five geographically separate regions and regulatory jurisdictions in Canada, Europe and the United States.

Northland'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, NPI.DB.A and NPI.DB.B, respectively.

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