MW Coast Mountain Power Corp

Unitholders at today's Annual General Meeting have overwhelmingly approved a
reorganization that will convert Northland Power Income Fund ("Northland")
(TSX:NPI.UN)(TSX:NPI.DB)(TSX:NPI.DB.A) from an income trust into a corporation.
It is expected that the conversion will be completed December 31, 2010 and the
new corporation will continue operating as Northland Power Inc. effective
January 1, 2011.


"We are very pleased that the Unitholders have shown such support for this
conversion," said Northland's President and CEO, John Brace. "While this
reorganization was in part necessitated by changes to the taxation system, which
will see income trusts taxed at the same rate as corporations beginning in 2011,
we also think it provides us tremendous opportunity to grow our business in the
future. As a corporation, we can more easily access the capital necessary to
fund our pipeline of development projects, two of which are already in
construction, with several more in very advanced stages of development. Beyond
that, we plan to continue adding to our portfolio of 'clean and green'
development projects, to help ensure steady growth prospects for a long time to
come."


Following this reorganization, the new corporation will benefit from a large tax
pool which should enable the corporation to defray the payment of income taxes
for several years. As a result, management anticipates that the corporation will
continue the $1.08 annual distribution paid by the Fund as a dividend to
shareholders.


In other business, V. Peter Harder, Linda Bertoldi and Gordon Cheesbrough were
elected as trustees, joining returning trustees James Temerty (Chairman), the
Hon. John Turner, Pierre Gloutney, and Dr. Marie Bountrogianni. 


ABOUT NORTHLAND

Northland is a Canadian income trust that has ownership or economic interests in
10 power projects totaling over 1,100 megawatts ("MW") (net 872 MW). Northland's
assets comprise natural-gas-fired plants which efficiently and cleanly produce
electricity and steam as well as facilities generating renewable energy from
wind and biomass. Sales are made almost entirely under long-term contracts with
a current average duration of 13 years. Northland's plants are located in
Canada, the United States and Germany. In addition, Northland has the 86 MW Spy
Hill project, 260 MW North Battleford project and 216 MW of wind, solar and
run-of-river hydro projects awarded under the Ontario Power Authority's
Feed-in-Tariff program in advanced stages of development. Northland also has a
diverse development portfolio of high-quality 'Clean and Green' energy projects,
including wind, solar, natural gas, and hydro assets that supports its strategy
of sustainable growth primarily through internally developed opportunities. The
Fund's trust units and two series of convertible debentures, which trade on the
Toronto Stock Exchange under the symbols NPI.UN, NPI.DB and NPI.DB.A
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.

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