Date Closed

March 23, 2006

Lead Office

Toronto

Value

110.00 Million USD

On March 23, 2006, Northland Power Income Fund (the "Fund") acquired, indirectly, all of the issued and outstanding shares of AES Kingston ULC, the owner of the 50% of the 110 MW Kingston cogeneration facility that the Fund did not previously own, from a subsidiary of The AES Corporation, for approximately US $110 million.

McCarthy Tétrault LLP advised AES Kingston ULC with a team led by Ian Palm.