TSE:FTS FORTIS Inc. 2OO1 Annual Report 54 17.Business Acquisitions 2001 BECOL 2000 Zeigler Energy Demand Ltd. Income Producing Properties On Januar 26, 2001, the Corporation acquired a 95% interest in BECOL. BECOL owns and operates the 25-megawatt Mollejon hydroelectric facility, the only commercial hydroelectric facility in Belize. BECOL sells its entire output to Belize Electricity under a 50-year power purchase agreement. The total consideration was $103,077,000 in cash. The acquisition was accounted for using the purchase method, whereby the results of operations have been included in the consolidated financial statements commencing February 2001.  On October 30, 2000, Canadian Niagara Power acquired 100% of Zeigler Energy Demand Ltd., a gas marketing company in the Niagara Region. The total consideration was $100,000 cash and a $100,000 note bearing an interest rate of 6% payable on October 30, 2001. The acquisition was accounted for using the purchase method, whereby the results of operations have been included in the consolidated financial statements commencing from that date. On December 14, 2000, Fortis Properties purchased the remaining 50% of the common shares of Brunswick Square Limited for $6,150,000 in cash. This business acquisition has been accounted for using the purchase method, whereby the results of operations of Brunswick Square Limited have been proportionately consolidated to December 14, 2000 and consolidated thereafter.  The purchase price allocation to net assets based on their fair values is as follows: 2001 (in thousands) BECOL Total  Cost $ 103,077 $ 103,077 Fair value assigned to net assets: UtilitiesGLYPH<213> capital assets 92,881 92,881 Cash 990 990 Current assets 11,114 11,114 Current liabilities (95) (95) Non-controlling interest ( 1,813) (1,813) $ 103,077 $ 103,077 Pension Benefit Plans Other Retirement Benefit Plans 2001 2000 (in thousands) 2001 2000 Net benefit expense for the year Current service cost $ 2,356 $ 1,682 $ 275 $ 680 Interest cost 10,732 10,379 453 445 Actuarial gains (losses) 17 - 122 (23) Curtailment gains (losses) - - - (168) Expected return on plan assets (13,849) (12,723) - - Amortization of transitional  obligation and amendments 4,366 3,984 - - Amortization of actuarial gain - - - - Net benefit expense  $ 3,622 $ 3,322 $ 850 $ 934