CAPITAL POWER CORPORATION 35. Segment information: 36. Subsequent event: Notes to the Consolidated Financial Statements (Tabular amounts in millions of Canadian dollars, except share and per share amounts) The Company operates in one reportable business segment involved in the operation of electrical generation plants within Canada (Alberta, British Columbia and Ontario) and in the U.S. (Connecticut, Maine, North Carolina and Rhode Island), as this is how management assesses performance and determines resource allocations. The assets disposed of during the year ended December 31, 2012, as described in note 8, operated within Canada (British Columbia). Since the disposal of those assets did not represent the disposal of a separate major line of business or geographic area, the disposal of those assets is not considered a discontinued operation. The Company’s results from operations within each geographic area are: On February 28, 2013, the purchase of the first tranche of the Company’s interest in Shepard, as described in note 33(b), closed. Upon close of this transaction, the Company paid $237 million and acquired a 25% interest in Shepard. The total amount incurred by the Company to the date of close was $287 million compared to the total anticipated capital cost of $860 million. The second tranche, expected to close in the first quarter of 2014, will result in the Company’s acquisition of an additional 25% interest in Shepard, bringing its total ownership interest to 50%. Subsequent to the close of the first tranche, and prior to the close of the second tranche, all decisions related to Shepard will require unanimous approval by the Company and the third party. As a result, the Company jointly controls Shepard with the third party upon close of the first tranche. Based on the terms of the Shepard agreements, the Company will account for the Shepard joint arrangement under the new accounting standard for joint arrangements, as described in note 2(w), as a joint operation. Year ended December 31, 2012 Year ended December 31, 2011 Canada U.S. Inter-area eliminations Total Canada U.S. Inter-area eliminations Total Revenues and other income - external $ 982 $ 349 $ - $1,331 $1,311 $ 459 $ - $1,770 Revenues and other income - inter-area 18 8 (26) - 3 1 (4) - Total revenues and other income $ 1,000 $ 357 $ (26) $1,331 $1,314 $ 460 $ (4) $1,770 As at December 31, 2012 As at December 31, 2011 Canada U.S. Total Canada U.S. Total Property, plant and equipment $ 2,947 $ 681 $ 3,628 $ 3,043 $ 799 $ 3,842 Intangible assets 298 18 316 276 20 296 Goodwill - 22 22 - 46 46 Other assets 21 - 21 24 - 24 $ 3,266 $ 721 $ 3,987 $ 3,343 $ 865 $ 4,208 131