Capstone Infrastructure Corporation Announces Completion of Financings

Capstone Infrastructure Corporation
(TSX:CSE)(TSX:CSE.DB.A)(TSX:CSE.PR.A)(TSX:CPW.DB) (the "Corporation") today
announced approximately $100 million in new project-level and corporate
financings.


"We are continuing to progress our wind power projects on schedule and in line
with our expectations, including establishing financing on attractive terms for
Skyway 8 and now Saint-Philemon," said Michael Bernstein, President and Chief
Executive Officer. "In addition, we have enhanced our financial flexibility at
the corporate level. With the continuing strong performance of our businesses
and solid financial position, we are well capitalized and positioned to execute
our strategy to create value for shareholders."


The Corporation, through an indirect subsidiary, has entered into a credit
facility arranged by Stonebridge Financial Corporation that will provide up to
$60.5 million in project-level construction and long-term financing for the
Saint-Philemon wind power project in Quebec. Tranche A of the facility totals
$56.1 million, bears interest at a fixed rate of 5.5% and is non-amortizing
during the construction period. Following construction completion, Tranche A
will convert to a fully amortizing term loan maturing in May 2034 and bearing
interest at the same fixed rate of 5.5%. Tranche B of the facility is $4.4
million, bears interest at a rate of 4.0%, and will be fully repaid shortly
after construction completion. The Saint-Philemon project is expected to be
commissioned during the fourth quarter of 2014.


The Corporation has also increased the capacity of its existing corporate credit
facility to $90 million from $50 million previously, thereby enhancing the
Corporation's financial flexibility. A portion of the facility may be used to
fund planned maintenance and the upgrades required at the Cardinal gas
cogeneration facility to support dispatchable operations starting in January
2015.


About Capstone Infrastructure Corporation

Capstone's mission is to provide investors with an attractive total return from
responsibly managed long-term investments in core infrastructure in Canada and
internationally. The company's strategy is to develop, acquire and manage a
portfolio of high quality utilities, power and transportation businesses, and
public-private partnerships that operate in a regulated or contractually-defined
environment and generate stable cash flow. Capstone currently has investments in
utilities businesses in Europe and owns, operates and develops thermal and
renewable power generation facilities in Canada with a total installed capacity
of net 439 megawatts2. Please visit www.capstoneinfrastructure.com for more
information.


1 - See Notice to Readers.

2 - Reflects Capstone's economic interest in its various power facilities.

Notice to Readers

Certain of the statements contained within this document are forward-looking and
reflect management's expectations regarding the future growth, results of
operations, performance and business of the Capstone Infrastructure Corporation
(the "Corporation") based on information currently available to the Corporation.
Forward-looking statements and financial outlook are provided for the purpose of
presenting information about management's current expectations and plans
relating to the future and readers are cautioned that such statements may not be
appropriate for other purposes. These statements and financial outlook use
forward-looking words, such as "anticipate", "continue", "could", "expect",
"may", "will", "intend", "estimate", "plan", "believe" or other similar words.
These statements and financial outlook are subject to known and unknown risks
and uncertainties that may cause actual results or events to differ materially
from those expressed or implied by such statements and financial outlook and,
accordingly, should not be read as guarantees of future performance or results.
The forward-looking statements and financial outlook within this document are
based on information currently available and what the Corporation currently
believes are reasonable assumptions, including the material assumptions set out
in the management's discussion and analysis of the results of operations and the
financial condition of the Corporation ("MD&A") for the year ended December 31,
2013 under the heading "Results of Operations", as updated in subsequently filed
MD&A of the Corporation (such documents are available under the Corporation's
SEDAR profile at www.sedar.com).


Other potential material factors or assumptions that were applied in formulating
the forward-looking statements and financial outlook contained herein include or
relate to the following: that the business and economic conditions affecting the
Corporation's operations will continue substantially in their current state,
including, with respect to industry conditions, general levels of economic
activity, regulations, weather, taxes and interest rates; that there will be no
material delays in the Corporation's wind development projects achieving
commercial operation; that the Corporation's power infrastructure facilities
will experience normal wind, hydrological and solar irradiation conditions, and
ambient temperature and humidity levels; an effective TCPL gas transportation
toll of approximately $1.65 per gigajoule in 2014; that there will be no
material changes to the Corporation's facilities, equipment or contractual
arrangements; that there will be no material changes in the legislative,
regulatory and operating framework for the Corporation's businesses, that there
will be no material delays in obtaining required approvals and no material
changes in rate orders or rate structures for the Corporation's power
infrastructure facilities, Varmevarden or Bristol Water, that there will be no
material changes in environmental regulations for power infrastructure
facilities, Varmevarden or Bristol Water; that there will be no significant
event occurring outside the ordinary course of the Corporation's businesses; the
refinancing on similar terms of the Corporation's and its subsidiaries' various
outstanding credit facilities and debt instruments which mature during the
period in which the forward-looking statements and financial outlook relate;
market prices for electricity in Ontario and Alberta; the re-contracting of the
PPA for the Sechelt hydro power generating station; that there will be no
material change to the accounting treatment for Bristol Water's business under
International Financial Reporting Standards, particularly with respect to
accounting for maintenance capital expenditures; that there will be no material
change to the amount and timing of capital expenditures by Bristol Water; that
there will be no material changes to the Swedish Krona to Canadian dollar and UK
pound sterling to Canadian dollar exchange rates; and that Bristol Water will
operate and perform in a manner consistent with the regulatory assumptions
underlying asset management plan ("AMP") 5 and those expected under AMP6,
including, among others: real and inflationary increases in Bristol Water's
revenue, Bristol Water's expenses increasing in line with inflation, and capital
investment, leakage, customer service standards and asset serviceability targets
being achieved.


Although the Corporation believes that it has a reasonable basis for the
expectations reflected in these forward-looking statements and financial
outlook, actual results may differ from those suggested by the forward-looking
statements and financial outlook for various reasons, including: risks related
to the Corporation's securities (dividends on common shares and preferred shares
are not guaranteed; volatile market price for the Corporation's securities;
shareholder dilution; and convertible debentures credit risk, subordination and
absence of covenant protection); risks related to the Corporation and its
businesses (availability of debt and equity financing; default under credit
agreements and debt instruments; geographic concentration; foreign currency
exchange rates; acquisitions, development and integration; environmental, health
and safety; changes in legislation and administrative policy; and reliance on
key personnel); risks related to the Corporation's power infrastructure
facilities (power purchase agreements; completion of the Corporation's wind
development projects; operational performance; fuel costs and supply; contract
performance and reliance on suppliers; land tenure and related rights;
environmental; and regulatory environment); risks related to Varmevarden
(operational performance; fuel costs and availability; industrial and
residential contracts; environmental; regulatory environment; and labour
relations); and risks related to Bristol Water (Ofwat price determinations and
changes to Instrument of Appointment; failure to deliver capital investment
programs; economic conditions; operational performance; failure to deliver water
leakage target; service incentive mechanism ("SIM") and the serviceability
assessment; pension plan obligations; regulatory environment; competition;
seasonality and climate change; and labour relations). For a comprehensive
description of these risk factors, please refer to the "Risk Factors" section of
the Corporation's Annual Information Form dated March 26, 2014 as supplemented
by risk factors contained in any material change reports (except confidential
material change reports), business acquisition reports, interim financial
statements, interim management's discussion and analysis and information
circulars filed by the Corporation with securities commissions or similar
authorities in Canada (which are available under the Corporation's SEDAR profile
at www.sedar.com).


The assumptions, risks and uncertainties described above are not exhaustive and
other events and risk factors could cause actual results to differ materially
from the results and events discussed in the forward-looking statements and
financial outlook. The forward-looking statements and financial outlook within
this document reflect current expectations of the Corporation as at the date of
this document and speak only as at the date of this document. Except as may be
required by applicable law, the Corporation does not undertake any obligation to
publicly update or revise any forward-looking statements and financial outlook.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Capstone Infrastructure Corporation
Sarah Borg-Olivier
Senior Vice President, Communications
[phone]
[e-mail]