Northland Power

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Northland Power Inc.
Type Public
Traded as TSX: NPI
Industry Electric generation
Genre Independent Power Producer
Founded 1987
Founder(s) James Temerty
Headquarters Toronto, Ontario, Canada
Key people John Brace , President & CEO
James Temerty, Chairman
Revenue CAD$ 202.57m
Net income CAD$ 35.26m
Total assets CAD$ 1,694.53m
Total equity CAD$ 705.6m
Employees 200
Subsidiaries Iroquois Falls Power Corp.
Website www.northlandpower.ca

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 1,319 MW of operating generating capacity, with an additional 90 MW of generating capacity currently in construction, and another 200 MW of wind, solar and run-of-river hydro projects with awarded power contracts. In addition, Northland has acquired the rights to a majority equity stake in Gemini, a 600 MW offshore wind project located 85 km off the coast of the Netherlands 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 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.

Northland's management holds an ownership stake in the firm of approximately 41%.

Conversion to Corporation

In 2009, Northland Power Income Fund acquired and merged with Northland Power Inc. This transaction was motivated by the Government of Canada's elimination of preferential tax treatment for income trusts, which has prompted a mass conversion of Canadian income trusts into regular corporations. On June 21, 2010, Northland's unitholders approved management's plan to convert to a corporation effective January 1, 2011.

Power Projects Controlled by Northland

Operational Power Projects

Name Location Fuel Source Capacity (MW) Ref
Cochrane Ontario Biomass, Natural Gas 42 [1]
Kavelstorf Germany Wind 7.2 [2]
Eckolstädt Germany Wind 14.3 [3]
Iroquois Falls Ontario Natural Gas 120 [4]
Jardin d'Éole Québec Wind 127.5 [5]
Kingston Ontario Natural Gas 110 [6]
Kirkland Lake Ontario Biomass, Natural Gas 102 [7]
Panda-Brandywine Maryland Natural Gas, Fuel Oil 230 [8]
Mont Louis Quebec Wind 100 [9]
Spy Hill Saskatchewan Natural Gas 86 [10]
Thorold Ontario Natural Gas 236 [11]

Projects Under Construction

Name Location Fuel Source Capacity (MW) Ref
North Battleford Saskatchewan Natural Gas 260 [12]
Belleville North Ontario Solar 10 [13]
Belleville South Ontario Solar 10 [14]
Burk's Falls East Ontario Solar 10 [15]
Crosby Ontario Solar 10 [16]
Rideau Lakes Ontario Solar 10 [17]
McCann Ontario Solar 10 [18]

Projects in Advanced Development Stage

Name Location Fuel Source Capacity (MW) Ref
Burk's Falls West Ontario Solar 10 [19]
Glendale Ontario Solar 10 [20]
McLean's Mountain Ontario Wind 72 [21]
North Burgess Ontario Solar 10 [22]
Grand Bend Ontario Wind 100 [23]
Frampton Quebec Wind 24 [24]

References

  1. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=18#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  2. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=23#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  3. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=23#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  4. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=16#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  5. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=22#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  6. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=17#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  7. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=24#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  8. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=20#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  9. ↑ Northland Power Website, http://northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=212#m=2, retrieved 2012-01-11  Missing or empty |title= (help)
  10. ↑ Northland Power Website, http://northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=238#m=2, retrieved 2012-01-11  Missing or empty |title= (help)
  11. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=19#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  12. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=28#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  13. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=39#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  14. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=40#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  15. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=41#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  16. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=43#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  17. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=46#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  18. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=38#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  19. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=42#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  20. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=44#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  21. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=14#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  22. ↑ Northland Power Website, http://www.northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=45#m=2, retrieved 2010-11-30  Missing or empty |title= (help)
  23. ↑ Northland Power Website, http://northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=240#m=2, retrieved 2012-01-11  Missing or empty |title= (help)
  24. ↑ Northland Power Website, http://northlandpower.ca/WhatWeDo/PrerevenueProjects/Project.aspx?projectID=229#m=2, retrieved 2012-01-11  Missing or empty |title= (help)

External links

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