Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Northland Power Reports on the 2020 Annual and Special Meeting

TORONTO, May 22, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today announced the results of the election of Directors at its Annual and Special Meeting (“the Meeting”) held on May 22, 2020 in a virtual-only meeting format.

The total number of voting shares represented by shareholders present electronically and by proxy at the Meeting was 121,751,941, representing 62.79% of Northland’s outstanding voting shares.

The nine nominees proposed by Management for election as Directors, including the two new Directors, Lisa Colnett and Ian Pearce, were elected. Information on each of the Director Nominees is contained in Northland’s Management Information Circular dated April 15, 2020, which is available on the company’s website at

The votes received were as follows:

NomineeVotes ForPercentWithheldPercent
John W. Brace118,793,43697.57%2,958,5052.43%
James C. Temerty, C.M.121,541,06499.83%210,8770.17%
Linda L. Bertoldi121,548,38499.83%203,5570.17%
Dr. Marie Bountrogianni120,651,39199.10%1,100,5500.90%
Lisa Colnett121,570,05499.85%181,8870.15%
Barry Gilmour119,918,75598.49%1,833,1861.51%
Russell Goodman118,798,78397.57%2,953,1582.43%
Keith Halbert120,912,26499.31%839,6770.69%
Ian Pearce117,514,12696.52%4,237,8153.48%

The Board of Directors accordingly fixed the number of Directors to be elected at nine and the election proceeded on that basis.

The Appointment of Ernst & Young LLP to serve as the independent auditors of Northland, and setting of their remuneration, until the next annual meeting was approved.  Votes received were as follows:

Votes ForPercentWithheldPercent

The resolution to confirm the Advance-Notice By-Law adopted by the directors of Northland was approved. Votes received were as follows:

Votes ForPercentAgainstPercent

The resolution to approve administrative changes to the By-Law to permit a virtual only shareholder meeting and to change the quorum requirement for shareholder meetings from 10% to 25% was approved. Votes received were as follows:

Votes ForPercentAgainstPercent

Northland’s approach to executive compensation was accepted.  Votes received were as follows:

Votes ForPercentAgainstPercent


Northland is a global developer, owner and operator of sustainable infrastructure assets that deliver predictable cash flows. Headquartered in Toronto, Canada, Northland was founded in 1987 and has been publicly traded since 1997 on the Toronto Stock Exchange (TSX: NPI).

Northland owns or has an economic interest in 2,681 MW (net 2,266 MW) of operating generating capacity and 130 MW of generating capacity under construction, representing the La Lucha solar project in Mexico. Northland also owns a 60% equity stake in the 1,044 MW Hai Long projects under development in Taiwan and operates a regulated utility business in Colombia.

Northland's common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A and NPI.PR.B, NPI.PR.C, respectively.

For further information, please contact:

Wassem Khalil, Senior Director, Investor Relations & Strategy
+1 (647) 288-1019

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).