Algonquin Power Income Fund announces resignation of chief financial officer



    TORONTO, March 20 /CNW/ - Algonquin Power Income Fund (the "Fund") today
announced that chief financial officer ("CFO") Peter Kampian has resigned to
take on a progressive career opportunity with another organization.
    Mrs. Luisa Paniconi-Read, Fund controller since 1999, has been appointed
interim CFO. Mr. Kampian will remain with the Fund until April 5, 2007 and
during that time he will assist the Fund with the smooth transition of his
responsibilities. A search for a new CFO will begin immediately.
    "As a valued executive of Algonquin Power Income Fund since 1999, Peter
helped build the Fund to the size it is today," stated Chris Jarratt,
executive director of the Fund. "While we are sorry to see Peter leave, we
appreciate him continuing through a transition period and consider the Fund to
be very fortunate that he developed a strong financial team that will allow a
seamless continuation of Fund activities. Peter takes with him our best wishes
and thanks for his many years of contribution to the Fund."

    About Algonquin Power

    Algonquin Power Income Fund is an open-ended investment trust that owns
and has interests in a diverse portfolio of power generating and
infrastructure assets across North America, including 47 hydroelectric
facilities, five natural gas-fired cogeneration facilities, 17 alternative
fuels facilities and 17 water supply and waste-water facilities. Algonquin
Power Income Fund was established in 1997 to provide unitholders with
sustainable, highly stable cash flows through a diversified portfolio of
energy and infrastructure assets. Algonquin Power Income Fund's units and
convertible debentures are traded on the Toronto Stock Exchange under the
symbols APF.UN and APF.DB/APF.DB.A respectively, and units are included in the
S&P/TSX Composite Index. More information about Algonquin Power Income Fund
can be found at www.AlgonquinPower.com.

    %SEDAR: 00009265E




For further information:

For further information: Kelly Castledine, Algonquin Power Income Fund,
2845 Bristol Circle, Oakville, Ontario, L6H 7H7, (905) 465-4500, Fax
(905)465-4514, APIF@AlgonquinPower.com


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