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Northland Power Inc. ("Northland")
(TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A) announced today that
Standard and Poor's credit rating agency has upgraded the company's corporate
credit rating to 'BBB' stable from 'BBB-' positive. In addition, Standard &
Poor's raised its global scale and Canada scale preferred stock ratings on
Northland to 'BB+' and 'P-3 (High)' from 'BB' and 'P-3', respectively. Standard
& Poor's also affirmed its 'BBB' issue-level rating on the company's senior
unsecured debt. 


Standard and Poor's noted, "The upgrade reflects our assessment of Northland's
consistent and stable cash flow as well as its strong track record of completing
projects on time and within budget." 


John Brace, Northland's President and CEO commented, "Northland is pleased that
Standard and Poor's recognizes the progress that Northland has made in
delivering quality power projects that produce stable and predictable cash
flows. This is demonstrated by our increasingly diverse operating portfolio,
including the recently operating North Battleford facility and first six ground
mounted solar projects. We look forward to adding more projects from our
development pipeline." 


Standard and Poor's noted in their report that Northland's potential investment
in the 600MW off-shore wind project (Gemini) was factored into the rating
considerations. 


ABOUT NORTHLAND

Northland 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 1,329 MW of operating generating capacity, with an additional 90 MW
(60 MW net to Northland) of generating capacity currently in construction, and
another 190 MW (119 MW net to Northland) 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'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.


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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