Algonquin Power Income Fund announces closing of sale of landfill gas interests

    OAKVILLE, ON, Dec. 21 /CNW/ - Algonquin Power Income Fund (the "Fund" or
"Algonquin Power") today announced the closing of the sale of six landfill gas
powered generating stations and other related landfill gas assets owned by an
affiliate of the Fund for US$11.34 million. The assets were sold to Fortistar
    The assets were comprised of six facilities representing approximately
18MW of installed generating capacity, which were no longer considered
strategic to the ongoing operations of the Fund.
    "The accretive disposition of the landfill gas assets allows the Fund to
successfully focus on larger renewable energy generation and sustainable
infrastructure projects," commented Ian Robertson, executive director of the
Fund. "Given the small size of the Fund's landfill gas investments, the sale
should not be construed as a strategic portfolio shift for Algonquin Power."

    About Algonquin Power

    Algonquin Power is an open-ended investment trust that owns and has
interests in a diverse portfolio of renewable power generation and sustainable
infrastructure assets across North America, including 48 renewable energy
facilities, 12 thermal energy facilities, and 17 water distribution and
waste-water facilities. Algonquin Power was established in 1997 to provide
investors with sustainable, highly stable cash flows through a diversified
portfolio of renewable energy assets. Algonquin Power's units and convertible
debentures are traded on the Toronto Stock Exchange under the symbols APF.UN,
APF.DB & APF.DB.A and units are included in the S&P/TSX Composite Index.

    %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)

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