2012  FINANCIAL HIGHLIGHTS Please Note:The table above includes Non-GAAP measures.The Company uses adjusted EBITDA, adjusted net earnings, per share adjusted net  earnings, adjusted funds from operations, and per share adjusted funds from operations to enhance assessment and understanding of the operating  performance of the Company without the effects of certain accounting adjustments which are derived from a number of non-operating factors,  accounting methods and assumptions. For full results, users of this document should refer to the Management‘s Discussion & Analysis, Consolidated  Financial Statements, and Notes to the Consolidated Financial Statements, and also see the caution regarding non-GAAP measures on page 14, and  applicable section in the Management‘s Discussion & Analysis. 2012 Annual Report 4 2012 2011 2010 2009 REVENUE Power 139.1 148.4 137.1 141.3 Utilities 230.8 122.3 38.0 38.5 Total Revenue 369.9 270.7 175.1 179.8 ADJUSTED EBITDA 106.2 103.7 74.1 75.6 EARNINGS, FUNDS FROM OPERATIONS AND DIVIDENDS Adjusted Funds from Operations 76.9 72.7 41.5 45.5 Per Share 0.52 0.62 0.44 0.57 Adjusted Net Earnings 21.1 38.3 22.8 29.3 Per Share 0.14 0.33 0.24 0.37 Dividends to Shareholders 50.2 32.4 22.8 19.3 Per Share 0.30 0.27 0.24 0.24 BALANCE SHEET DATA Total Assets 2,778.2 1,282.6 1,016.9 1,013.4 Long-Term Liabilities (includes current portion) 771.8 455.0 441.7 241.4 Shareholders Equity 1,402.1 552.7 348.9 393.6 Number of Shares Outstanding as of Dec. 31 188,763,486 136,122,780 95,422,778 93,064,120 PROPERTY, PLANT & EQUIPMENT Canada 472.3 474.1 466.2 440.5 US 1,690.4 446.0 224.0 268.0 Total 2,162.7 920.1 690.2 708.5 RENEWABLE ENERGY PRODUCTION  (% OF LONG TERM AVERAGE) 89% 107% 90% 102% UTILITY CUSTOMERS 337,805 122,406 73,086 71,598 (in $ millions)