01:50:24 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Northland Power Inc
Symbol NPI
Shares Issued 171,768,696
Close 2017-01-19 C$ 23.51
Market Cap C$ 4,038,282,043
Recent Sedar Documents

Northland litigant Ont. Electricity denied appeal

2017-01-19 17:41 ET - News Release

Ms. Barb Bokla reports

NORTHLAND POWER PROVIDES UPDATE ON GLOBAL ADJUSTMENT LITIGATION

The Supreme Court of Canada did not grant the Ontario Electricity Financial Corp. (OEFC) leave to appeal the legal case concerning the interpretation of power purchase agreements related to Northland Power Inc.'s wholly owned subsidiary, Iroquois Falls Power Corp., and Northland's managed facilities, Cochrane Power Corp. and Kirkland Lake Power Corp. (the Northland applicants).

This final decision confirms that the Northland applicants will retain all payments received to date from OEFC and will continue to earn revenues per Northland applicants' interpretation of the contracts.

More details are available in Northland's second quarter financial reports dated Aug. 10, 2016, which can be found on SEDAR or on Northland Power's website.

About Northland

Northland is an independent power producer founded in 1987 and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce 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 1,394 megawatts of operating generating capacity and 932 megawatts (642 megawatts, net to Northland) of generating capacity under construction, including a 60-per-cent equity stake in Gemini, a 600-megawatt offshore wind project, and an 85-per-cent equity stake in Nordsee One, a 332-megawatt offshore wind project, both located in the North Sea.

Northland's cash flows are diversified over four geographically separate regions and regulatory jurisdictions in Canada and Europe.

We seek Safe Harbor.

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