Clean Power Announces Agreement on Additional Wind Incentive



    TORONTO, April 11 /CNW/ - Clean Power Income Fund (CLE.UN:TSX) (the
"Fund") today announced that it has reached an agreement with the Department
of Natural Resources regarding the Fund's Erie Shores Wind Farm's eligibility
to receive an increase in Wind Power Production Incentive ("WPPI") payments of
$2 per mega watt per hour ("MWh") to $10 per MWh. The WPPI payment is provided
by the federal government in support of the development of renewable energy
projects under the recently announce ecoEnergy Renewable Power program.
    The payment is a component of the contingency value receipt ("CVR")
outlined in the take-over offer by Algonquin Power Income Fund, which
represents the right by unitholders of the Fund to receive 80 percent of the
balance (after deduction of all claims and costs) of both the US$7.593 million
reserve fund established by the Fund for claims made in connection with the
sale of Gas Recovery Systems, LLC and $3.436 million in the event the Erie
Shores Wind Farm qualifies for an increase in WPPI payments of $2/MWh. In
respect to the WPPI payment component of the CVR, holders of the CVRs will
receive a cash payment, after deductions, of approximately $0.07 per unit, to
be paid following receipt of the first payment of the increased WPPI from
Natural Resources Canada.

    Clean Power Income Fund is an open-ended investment trust that is
invested in 15 power-generating facilities located in Québec, Ontario,
Alberta, British Columbia and four U.S. states with a total capacity of
303 MW. Three environmentally preferred technologies - windpower, waterpower
and biomass - deliver electricity almost exclusively under long-term sales
contracts and at minimal to zero fuel cost.
    Clean Power Income Fund is the first income fund to be certified under
the Government of Canada's Environmental ChoiceM Program. Clean Power Income
Fund's units and convertible debentures are listed and posted for trading on
the Toronto Stock Exchange under the symbols "CLE.UN" and "CLE.DB",
respectively.

    This press release may contain forward-looking statements within the
meaning of applicable securities legislation. Any statements that express or
involve discussions with respect to the Fund's expectations, beliefs,
intentions, future events or performance (often using words such as
"believes", "expects", "anticipates" or "intends" or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken
or achieved) are not statements of historical fact, but are forward-looking
statements. Such forward-looking statements, by their nature, necessarily
involve known and unknown risks, uncertainties and other factors beyond the
Fund's ability to control or predict, that may cause the Fund's actual
results, performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Investors and others should not place undue
reliance on these forward-looking statements as actual results could differ
materially from the forward-looking statements in this press release based on
risks associated with the unitholder value enhancement process and other
factors over which the Fund has no control including the risks detailed from
time to time in the documents filed by the Fund with securities regulators.
The Fund does not undertake or assume any obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events or any other reason.




For further information:

For further information: Rob Roberti, Chief Financial Officer, Clean
Power Operating Trust, (416) 777-2800 ext. 259, info@cleanpowerincomefund.com,
Website: www.cleanpowerincomefund.com

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CLEAN POWER INCOME FUND

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