5 Year Summary(1)
| ($ millions except per unit amounts) |
2009
|
2008
|
2007
|
2006
|
2005
|
|
Income Statement |
||||||
| Revenue |
1,268.3
|
1,816.80
|
1,428.40
|
1,362.60
|
1,502.30
|
|
| Net revenue (2)(3) |
456.6
|
476.5
|
324
|
318.9
|
296.9
|
|
| Gas |
340.1
|
334.2
|
215.7
|
217.6
|
230.6
|
|
| Power |
102.2
|
129
|
104.2
|
99.6
|
57.8
|
|
| Corporate |
18.6
|
12.9
|
6.2
|
4.4
|
10.9
|
|
| Intersegment elimination |
(4.4)
|
0.4
|
(2.1)
|
(2.7)
|
(2.4)
|
|
| EBITDA (2) |
248.4
|
256.4
|
173.7
|
173.1
|
155.5
|
|
| Gas |
173.7
|
161
|
96.5
|
100.1
|
104.4
|
|
| Power |
96.2
|
125.3
|
102.1
|
98.3
|
56
|
|
| Corporate |
(21.5)
|
(29.9)
|
(24.9)
|
(25.3)
|
(4.9)
|
|
| EBITDA per basic unit |
$3.16
|
$3.73
|
$3.03
|
$3.12
|
$2.88
|
|
| Operating income (2) |
174.2
|
188
|
126.6
|
126.7
|
108.1
|
|
| Gas |
110.3
|
103.6
|
59.3
|
63.4
|
66.3
|
|
| Power |
88
|
117.9
|
94.6
|
90.9
|
48.7
|
|
| Corporate |
(24.1)
|
(33.5)
|
(27.3)
|
(27.6)
|
(6.9)
|
|
| Net income |
141.3
|
163.6
|
108.8
|
114.5
|
90.3
|
|
| Net income per basic unit |
$1.80
|
$2.38
|
$1.90
|
$2.06
|
$1.67
|
|
Cash Flow |
||||||
| Cash from operations |
184.1
|
205.4
|
183.3
|
146.9
|
112.3
|
|
| Per basic unit |
$2.34
|
$2.99
|
$3.19
|
$2.65
|
$2.08
|
|
| Funds from operations (2) |
202.3
|
217.1
|
162.9
|
161.7
|
129
|
|
| Per basic unit |
$2.58
|
$3.16
|
$2.84
|
$2.92
|
$2.44
|
|
| Distributions declared per unit (4) |
$2.16
|
$2.125
|
$2.065
|
$1.995
|
$1.85
|
|
Balance Sheet |
||||||
| Capital assets |
1,857.1
|
1,436.7
|
682.3
|
677.9
|
645.4
|
|
| Energy services arrangements and contracts |
128.9
|
138.9
|
95.7
|
103.3
|
110.9
|
|
| Total assets |
2,629.1
|
2,132.3
|
1,172.7
|
1,109.6
|
1,068.3
|
|
| Short-term debt |
14.6
|
4.5
|
3.6
|
--
|
2.7
|
|
| Long-term debt |
1,000.1
|
560.8
|
217.2
|
264.3
|
265.2
|
|
| Unitholders' equity |
1,048.9
|
957.4
|
584.7
|
529.4
|
478.6
|
|
Unit Data (millions) |
||||||
| Weighted average units outstanding for the year (basic) |
80.0
|
68.8
|
57.4
|
55.5
|
54.0
|
|
| Units outstanding at year-end |
80.3
|
71.9
|
58.1
|
56.4
|
54.6
|
|
Ratios (percent) |
||||||
| Return on average equity |
13.6
|
19.6
|
19.8
|
22.7
|
18.4
|
|
| Return on average invested capital |
10.0
|
13.6
|
16.2
|
16.3
|
13.0
|
|
| Debt as a percent of total capitalization |
49.2
|
37.8
|
27.4
|
33.4
|
36.0
|
|
Quarterly Summary(1)
| ($ millions except per unit amounts) |
Q2-2010 |
Q1-2010
|
Q4-2009
|
Q3-2009
|
Q2-2009 | ||||||
| Net revenue (2) | 124.8 |
127.2
|
115.4
|
114.7
|
114.3 | ||||||
| Gas | 93.7 |
99.0
|
93.6
|
81.4
|
81.1 | ||||||
| Power | 27.5 |
23.5
|
26.5
|
24.8
|
23.4 | ||||||
| Corporate | 3.5 |
5.5
|
(3.5)
|
9.5
|
11.3 | ||||||
| Intersegment elimination | 0.1 |
(0.8)
|
(1.2)
|
(1.0)
|
(1.5) | ||||||
| EBITDA (2) | 62.0 |
65.7
|
58.8
|
63.6
|
63.6 | ||||||
| Gas | 44.0 |
51.0
|
49.6
|
40.8
|
39.9 | ||||||
| Power | 24.9 |
20.8
|
24.9
|
23.4
|
21.9 | ||||||
| Corporate | (6.9) |
(6.3)
|
(15.7)
|
(0.6)
|
1.8 | ||||||
| Operating income (2) | 39.4 |
42.7
|
38.8
|
45.4
|
45.5 | ||||||
| Gas | 25.8 |
32.6
|
32
|
25.3
|
24.6 | ||||||
| Power Generation | 21.2 |
16.9
|
22.9
|
21.4
|
19.6 | ||||||
| Corporate | (7.6) |
(6.8)
|
(16.1)
|
(1.3)
|
1.3 | ||||||
| Net income | 28.4 |
36.4
|
32.1
|
34.7
|
36.9 | ||||||
| Per unit (basic) | $0.35 |
$0.45
|
$0.40
|
$0.44
|
$0.47 | ||||||
| Cash from operations | 34.8 |
37.1
|
45.4
|
43.7
|
66.7 | ||||||
| Per unit (basic) | $0.43 |
$0.46
|
$0.57
|
$0.55
|
$0.84 | ||||||
| Funds from operations (2) | 44.3 |
51.4
|
51.0
|
50.5
|
45.4 | ||||||
| Per unit (basic) | $0.54 |
$0.64
|
$0.64
|
$0.64
|
$0.57 | ||||||
| Distributions declared per unit | $0.54 |
$0.54
|
$0.54
|
$0.54
|
$0.54 | ||||||
Notes: |
|
| (1) | Columns may not add due to rounding |
| (2) | Non-GAAP financial measure. See discussion in previous public disclosures available on this website or our SEDAR profile page. |