Northland Power

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Northland Power Inc.
Type Public
Traded as TSXNPI
Industry Power generation
Genre Independent Power Producer
Founded 1987
Founders James Temerty
Headquarters Toronto, Ontario, Canada
Key people John Brace, CEO
Sean Durfy, President & Chief Development Officer
James Temerty, Chairman
Revenue CAD$ 557.24m
Net income CAD$ 167.02m
Total assets CAD$ 3,040.02m
Total equity CAD$ 952.74m
Employees 230
Website www.northlandpower.ca

Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce natural gas and wind, solar, and hydro energy.

The company owns or has a net economic interest in 1,349 MW of operating generating capacity, with an additional 110 MW (80 MW net to Northland) of generating capacity currently in construction, and another 150 MW (79 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. 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.

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

Conversion to Corporation[edit]

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[edit]

Operational Power Projects[edit]

Name Location Fuel Source Capacity (MW) Ref
Cochrane Ontario Biomass, Natural Gas 42 [1]
Kavelstorf and Eckolstädt Germany Wind 21.5 [2]
Iroquois Falls Ontario Natural Gas 120 [3]
Jardin d'Éole Québec Wind 127.5 [4]
Kingston Ontario Natural Gas 110 [5]
Kirkland Lake Ontario Biomass, Natural Gas 102 [6]
Panda-Brandywine Maryland Natural Gas, Fuel Oil 230 [7]
Mont Louis Quebec Wind 100 [8]
Spy Hill Saskatchewan Natural Gas 86 [9]
Thorold Ontario Natural Gas 265 [10]
North Battleford Saskatchewan Natural Gas 260 [11]
Belleville North Ontario Solar 10 [12]
Belleville South Ontario Solar 10 [13]
Burk's Falls East Ontario Solar 10 [14]
Crosby Ontario Solar 10 [15]
Rideau Lakes Ontario Solar 10 [16]
McCann Ontario Solar 10 [17]

Projects Under Construction[edit]

Name Location Fuel Source Capacity (MW) Ref
Burk's Falls West Ontario Solar 10 [18]
Abitibi Ontario Solar 10 [19]
Empire Ontario Solar 10 [20]
Long Lakes Ontario Solar 10 [21]
Martin's Meadows Ontario Solar 10 [22]
McLean's Mountain Ontario Wind 60 [23]

Projects in Advanced Development Stage[edit]

Name Location Fuel Source Capacity (MW) Ref
Gemini The Netherlands Offshore Wind 600 [24]
Grand Bend Ontario Wind 100 [25]
Frampton Quebec Wind 24 [26]
Kabinakagami Quebec Hydro 26 [27]

References[edit]

  1. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  2. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  3. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  4. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  5. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  6. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  7. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  8. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  9. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  10. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  11. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  12. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  13. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  14. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  15. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  16. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  17. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  18. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  19. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  20. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  21. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  22. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  23. ^ Northland Power Website, Northland Power Website, retrieved 2010-11-30 
  24. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  25. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  26. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 
  27. ^ Northland Power Website, Northland Power Website, retrieved 2012-01-11 

External links[edit]