Algonquin Power & Utilities Corp. – Consolidated Financial Statements ALGONQUIN POWER & UTILITIES CORP.  Notes to the Consolidated Financial Statements  December 31, 2012 and 2011   (in thousands of Canadian dollars except as noted and amounts per share)  23.  Segmented information (continued)  Operational segments (continued)  The majority of non-regulated energy sales are earned from contracts with large public utilities.  The following utilities contributed more than 10% of these total revenues in either 2012 or 2011:  Hydro Québec 17% (2011 - 17%), Manitoba Hydro 20% (2011 – 16%), and California PG&E 10%  (2011 - 11%). The Company has mitigated its credit risk to the extent possible by selling energy  to these large utilities in various North American locations.  APUC and its subsidiaries operate in the independent power and utility industries in both Canada  and the United States. Information on operations by geographic area is as follows:  2012 2011 Revenue Canada  $ 83,117  $ 88,900 United States  286,770  181,817 $ 369,887 $270,717 Property, plant and equipment  Canada  $ 472,333  $ 474,094 United States   1,690,382  446,015 $ 2,162,715  $ 920,109 Intangible assets  Canada  $ 29,480  $ 25,863 United States  27,301  29,406 $ 56,781  $ 55,269 Revenues are attributed to the two countries based on the location of the underlying generating and  utility facilities.  2012 Annual Report 130