NPI.PR.A Northland Power Inc

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Northland Power Inc. ("Northland")
(TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A) today announced the pricing
of $667.3 million in bonds to be issued by its wholly owned subsidiary, North
Battleford Power L.P. ("North Battleford"). North Battleford has entered into an
agency agreement with a syndicate of investment dealers related to the Canadian
private placement offering of 4.958% senior secured amortizing Series A bonds
which is expected to close on September 20, 2013. The bonds have been
provisionally rated A (low) by DBRS and will be fully amortized by their
maturity in December 2032. 


"This marks the second time Northland's subsidiaries have issued bonds, and we
are very pleased with the continued strong interest shown by the financial
community," said John Brace, President and CEO of Northland.


Upon closing, the proceeds will be used to repay North Battleford's existing
bank debt, settle associated interest rate swaps, and pay transaction costs; the
remainder will be distributed to Northland for general corporate purposes. The
private placement offering has been led by CIBC World Markets Inc.; the dealer
syndicate also includes BMO Nesbitt Burns Inc., Casgrain & Company Limited,
National Bank Financial Inc., Scotia Capital Inc. and TD Securities.


North Battleford owns and operates a 260 MW natural gas-fired combined cycle
facility located approximately 150 km northwest of Saskatoon, Saskatchewan. The
facility was developed by Northland and began commercial operations in June
2013. The facility provides baseload power to the Saskatchewan electricity grid
under a 20-year Power Purchase Agreement (PPA) with Saskatchewan Power
Corporation.


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 1,319 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 acquire 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.


FORWARD-LOOKING STATEMENTS

This release contains certain forward-looking statements which are provided for
the purpose of presenting information about management's current expectations
and plans. Readers are cautioned that such statements may not be appropriate for
other purposes. Forward-looking statements include statements that are
predictive in nature, depend upon or refer to future events or conditions, or
include words such as "expects," "anticipates," "plans," "believes,"
"estimates," "intends," "targets," "projects," "forecasts" or negative versions
thereof and other similar expressions, or future or conditional verbs such as
"may," "will," "should," "would" and "could." These statements may include,
without limitation, expectation of the closing of the offering, statements
regarding future EBITDA, cash flows and dividend payments, the construction,
completion, attainment of commercial operations, cost and output of development
projects, plans for raising capital, and the future operations, business,
financial condition, priorities, ongoing objectives, strategies and outlook of
Northland and its subsidiaries. These statements are based upon certain material
factors or assumptions that were applied in developing the forward-looking
statements, including the design specifications of development projects, the
provisions of contracts to which Northland or a subsidiary is a party,
management's current plans, its perception of historical trends, current
conditions and expected future developments, as well as other factors that are
believed to be appropriate in the circumstances. Although these forward-looking
statements are based upon management's current reasonable expectations and
assumptions, they are subject to numerous risks and uncertainties. Some of the
factors that could cause results or events to differ from current expectations
include, but are not limited to, construction risks, counterparty risks,
operational risks, the variability of revenues from generating facilities
powered by intermittent renewable resources and the other factors described in
the "Risks and Uncertainties" section of Northland's 2012 Annual Report and
Annual Information Form, both of which can be found at www.sedar.com under
Northland's profile and on Northland's website www.northlandpower.ca.
Northland's actual results could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no assurances can
be given that any of the events anticipated by the forward-looking statements
will transpire or occur. 


The forward-looking statements contained in this release are based on
assumptions that were considered reasonable on September 17, 2013. Other than as
specifically required by law, Northland undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after such date or
to reflect the occurrence of unanticipated events, whether as a result of new
information, future events or results, or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northland Power Inc.
Barb Bokla
Manager, Investor Relations
647-288-1438
(416) 962-6266 (FAX)


Northland Power Inc.
Adam Beaumont
Director of Finance
647-288-1929
(416) 962-6266 (FAX)
investorrelations@northlandpower.ca
www.northlandpower.ca

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